Building Details

Year Built 2004

Listing Agency: THE RANTS GROUP c***@rantsgroup.com Show Phone

Listed By: CAROLYN GRADEN, CCIM · License #26216

Source: Corcoran

Added: Jan 21 Changed: Aug 8 Last Checked: Apr 5 at 11:31PM

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Investment Insights

Based on property information with market context.

Two connecting rooms are available for rent, providing access to a common area kitchen. The space is freshly painted and suitable for a small business. The base rent includes utilities and common area janitorial services. The tenant is responsible for cleaning the suite and providing phone/data service and equipment. The property has a size of 379 square feet.

Key Highlights

• Utilities included in base rent
• Access to common area kitchen
• Common area janitorial included

Property Analytics

Property Profile

Current Use

Majestic Aerotech Medical Supply Store Lokahi Counseling Counselor South Sound Vasectomy Medical Clinic Siobhan Budwey PhD ... Medical Clinic Lokahi Counseling, LLC Family Counselor

Suggested Use

Top Pick Pharmacy Auto Parts Store Storage Facility HVAC Service Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.27 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,406

Businesses Nearby

Explore this area Business Placement

Demographics for 98502, WA

35,698

Population

15,550

Households

2.3

Avg Household Size

41

Median Age

52%

College-Educated

97%

High-School Grad

63.4 sq mi

ZIP Area

563

Density / Sq Mi

$87,154

Median Household Income

$46,404

Median Earnings

$1,569

Median Rent

$496,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Two connecting office rooms available for rent, utilities included.

Where is this office units located?

The property is located at 324 Bay Dr NW Olympia, WA.

What is the lease rate?

The lease rate is $900/Mo.

What are key features of this property?

This property features: Utilities included in base rent; Access to common area kitchen; Common area janitorial included