Listed by Greene Commercial, Kidder Mathews Olympia
$2,200,000
2411 Chandler Court SW
Details
Property Type Office
Square Footage 9,134
Cap Rate 7.50%
NOI $170,225
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $2,439
Year Built 1987
Acreage 0.640
Investment Type Stabilized
Office | 7.50% CAP | 9,134 SqFt
Marketing description
Completely renovated stand alone building on Olympia's West side. Minutes from Hwy 101 and Interstate 5. Excellent parking. A part of "The 101 at Olympia" office complex. Co -Listed with Evan Parker, Kidder Mathews.
Investment highlights
Investment Highlights
Strong Yield: Offered at $2,200,000 with a 7.5% in-place cap rate and a Year One NOI of $170,225.
Secure Tenancy: Fully leased to the Thurston County Regional Planning Council on a NNN lease with 6 years remaining.
Built-In Growth: The lease features annual rent increases between 2.25% and 2.5%, providing a steady hedge against inflation.
Turnkey Asset: A completely remodeled building ensures no immediate capital expenditures are required from the new owner.
Listing Contacts
Listed by Greene Commercial, Kidder Mathews Olympia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,225.00
$14,185.42/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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