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    Corporate Campus For Sale Title is generated by Realmo AI

    4525 Intelco Loop SE, Lacey, WA 98503

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    Office property with corporate campus setting available for purchase.

    Type:Office
    Property size:
    45,699 SF
    Price / SF:
    $258/SF
    Added:
    Sep 30, 2021
    Days on Market:
    1718
    Last Refresh:
    May 19 at 9:25 pm

    Property Features for 4525 Intelco Loop SE

    General Information

    Standard status
    Active
    Size
    45,699 SF
    Property subtype
    Office

    Building Details

    Year Built
    2004

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    Listing Contact
    Joni Baker

    Listing agent Joni Baker License #77946

    Listing office Premier Commercial NW

    Listing date Sep 30, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial NW

    HighLights

    • Corporate campus
    • Year built: 2004

    Overview

    This commercial real estate offering features an office property spanning 45,699 square feet. The property is identified as a corporate campus.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $987.1k $21.60
    − Vacancy −$193.5k −$4.23
    EGI $793.6k $17.37
    − OpEx −$198.4k −$4.34
    NOI $595.2k $13.02
    45,699 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $8.50M
    $7.44M – $9.92M (±1% cap)
    NOI $595,220 @ 7.0% cap · market cap 5.04%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $13.38M
    $11.71M – $15.61M (±1% cap)
    NOI $936,647 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.8306679
    Latitude
    46.9990842

    FAQs

    What type of property is this?
    Office building - Office property with corporate campus setting available for purchase.
    Where is this office building located?
    The property is located at 4525 Intelco Loop SE Lacey, WA.
    What is the asking price?
    The asking price for this property is $11,800,000.
    What are key features of this property?
    This property features: Corporate campus; Year built: 2004
    More about this property
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