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15206465
15206430

542 N 5th Ave, Sequim, WA 98382

BL
WA WA 21018119, MT RRE-BRO-LIC-134493
Brody Broker Team
Listed by Brody Broker Team
$1,800,000
845 days on market
Updated 5 days ago
Opportunity zone

542-544 N 5th Ave

Details
APN 0330196500303024
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 6,144
Net Rentable (SqFt) 6,144
Units 4
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options 1 - 5 yr option
Pro-Forma Cap Rate 6.96%
Pro-Forma NOI $125,304
Price per SqFt $293
Broker Co-Op Yes
Class A
Year Built 2007
Buildings 1
Stories 1
Acreage 0.870
Zoning LD
Investment Type Institutional
Tenant Credit Credit Rated
Ownership Investment Property

Office | 3 Tenants | 7% CAP

Marketing description

This comprises 3 separate leases. All high quality tenants and high quality leases, making this a great investment opportunity. Professional Office Plaza with a high concentration of medical and finance professions. Office condos are close to downtown Sequim shopping and restaurants. Olympic National Forest and Olympic Mountain Range within close proximity. Bike the Olympic Discovery Trail or park your watercraft at John Wayne Marina, just a few short miles away.

Investment highlights

Zoning is Lifestyle District - 24 hr notice required - confidentiality agreement - assests include condo only

Please open escrow through Olympic Peninsula Title. Buyers agent must be present at all showings, inspections & appraisals or commission shall be reduced to 1%. Please send all offers to [email protected] & docs@ideallife.com

Listing Contacts

BL
WA WA 21018119, MT RRE-BRO-LIC-134493
Brody Broker Team
Listed by Brody Broker Team

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Additional Information

Name
Bill Leland, CCIM
License
WA 21018119
Brokerage
IDEAL Real Estate
Brokerage Phone
3605826417
Brokerage Address
224 West Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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