• Heritage Bank Main Office
  • Heritage Bank Main Office
  • +3 images Heritage Bank Main Office
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Heritage Bank Main Office

Off-Market

201 5th Avenue SW, Olympia, WA 98501

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 40,354 SF
  • Lot Size 1.23 Acre
  • Parking Spaces Avail. 56
  • Parking Ratio 1.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1915

Location

  • City Olympia, WA
  • Neighborhood Downtown Olympia
  • Zip Code 98501
  • Market Seattle

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 30 Dec, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Olympia

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Olympia Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.99
  • 2020 Office Vacancy Rate 3.29%
  • 2020 Office Completions (SF)

Tax

  • Property Tax in 2022 $86,957
  • Market Value* $7,291,300
  • Assessed Value $7,291,300

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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