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Union Heights

1018, Capitol Way, Olympia, WA 98501
$2,975,000

Description

Union Heights (Status: Pending)

1018, Capitol Way, Olympia, WA  98501

This sale offering includes five commercial condos in theUnion Heights building, located in Downtown Olympiaon the corner of Capitol Way and Union Ave, very closeto the State Capitol and the heart of Downtown Olympia.Fantastic views from every condo. There are six total suites (201, 202, 204, 209, 300), all currently leased. Providence and Stifel Nichols occupy over 9,300 SF of the 11,496 rentable square feet. This Class A building was built in 2009 and has been well maintained. The sale includes 24 street-level parking lot stalls as well as 13 stalls in the parking garage. The budgeted Net Operating Income for the next twelve months is $193,787 based on in-place income and expenses, equating to a 6.50% Capitalization Rate.

Listing Details

Asset Class: Office
Year Built: 2009
Building Total Square Feet: 26500
Available Lease Space Square Feet:
Number of Floors: 5
Total Parking Spaces: 0
Local Zoning Information: Commercial

CBA

Listing Courtesy of: Prime Locations, Inc.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 1018, Capitol Way, Olympia, WA 98501
  • City: Olympia
  • State/county: WA
  • Zip/Postal Code: 98501
  • Neighborhood: Olympia
  • Country: United States

Detail

Updated on July 7, 2022 at 2:57 am

  • Property ID: 651380
  • Price: $2,975,000.00/For Sale
  • Property Size: 26500 Sq Ft
  • Property Type: Office
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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