14,796 Square Foot Retail Space For Sale @ 204 5th Avenue Southeast
204 5th Avenue Southeast, East Olympia, WA 98501
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Jeff A.
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Coast SVN is pleased to present the Capitol Theatre Building, a 100% occupied mixed-use building located in downtown Olympia. The property is divided into 16 suites, consisting of ground floor retail and 2nd floor office space. The Capitol Theatre Building is a stable investment property with staggered lease expirations and upside potential in lease rates.
Sales Info:
■ Cap rate: 8.0%
■ Commision split: 2.5%
■ NOI: $124,038
Location Description:
The Capitol Theatre Building is located at the signalized intersection of 5th Ave SE and Washington St SE, 1 mile from the Washington State Legislative Building.
Highlights:
■ Stable Property with Upside Rent Potential
■ Long-Term Staggered Leases
■ Small Suite Sizes Reduce Risk
■ Located at Signalized Intersection 1 Mile From State Capitol
Sale Price: $1,550,000
Size: 14,796 square feet
Type: Retail Space
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