505 E 8th St
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505 E 8th St
2,534 SF Office Building Port Angeles, WA 98362 $349,500 ($138/SF) 11.65% Cap Rate
Executive Summary
Quality Mt. view office building in superb location. Extensive remodel was done on this 2534 sf building - tenant vacated early but still pays $4K/month until August 1, 2024. Light and bright with plenty of natural light, this building offers T-1 internet throughout, 12 on-site parking spots, heat pump for HVAC. Downstairs has reception, processing room, bathroom, conference room and kitchen. 3 offices on main level.Upstairs has 5 offices (2 premier offices w/views) & a bathroom. West roof replaced in 2021.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
2,534 SF
Building Class
B
Year Built
1980
Price
$349,500
Price Per SF
$138
Cap Rate
11.65%
NOI
$40,716
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,267 SF
Building FAR
0.36
Lot Size
0.16 AC
Zoning
P_CN - Misc. commercial services
Parking
12 Spaces (4.74 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Natural Light
1 of 1
Walk Score ®
Very Walkable (73)
1 of 35
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505 E 8th St
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