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Lacey Urban Center 7131-7269 Martin Way E

44,701 SF 100% Leased Retail Building Olympia, WA 98516 $11,500,000 ($257/SF) 5.09% Cap Rate

Retail Buildings Washington Olympia 7131-7269 Martin Way E, Olympia, WA 98516

Executive Summary

Fully occupied retail property with great mix of tenants (restaurants, professional offices, medical offices, coffee shop, bakery, retail, facial/massage, and laundry facility). 4.66 Acres lot with spacious parking with great street exposure and prominent businesses as tenants.

Attachments

Lacey Urban Center Flyer
Confidentiality Agreement - Lacey Urban Center

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,701 SF
Building Class
B
Year Built/Renovated
1959/2006
Price
$11,500,000
Price Per SF
$257
Cap Rate
5.09%
NOI
$585,237
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
4.66 AC
Zoning
MHDC
Parking
214 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
550 FT on Martin Way E

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
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Nearby Major Retailers

Dutch Bros
Starbucks
Winco Foods
Grocery Outlet
Chase Bank
Red Robin Gourmet Burgers And Brews
Pho Hoa
Original Roadhouse Grill
Safeway
Navy Federal Credit Union

PROPERTY TAXES

Parcel Number 78801200000 Improvements Assessment $4,253,200
Land Assessment $2,430,400 Total Assessment $6,683,600

PROPERTY TAXES

Parcel Number
78801200000
Land Assessment
$2,430,400
Improvements Assessment
$4,253,200
Total Assessment
$6,683,600
(253) 389-9558

Contact

  • Listing ID: 33846099

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 7131-7269 Martin Way E, Olympia, WA 98516

More public record information on 7131-7269 Martin Way E, Olympia, WA 98516

The Retail Property at 7131-7269 Martin Way E, Olympia, WA 98516 is currently available for sale. Contact Global Real Estate Express for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Lacey Urban Center | 7131-7269 Martin Way E
(253) 389-9558 x

Lacey Urban Center | 7131-7269 Martin Way E

Kathy Yi

(253) 389-9558

(253) 389-9558

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