542 5Th Ave Sequim, WA 98382
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High-return office complex, 100% occupied.
Property size:
4,320 SFProperty Features for 542 5Th Ave
General Information
- Property type
- Medical offices
- Square Feet
- 4,320 SF
- Class
- A
- Lot Size
- 37,897 SF
Building Details
- Year Built
- 2007
- Buildings
- 1
- Stories
- 1
- Units
- 4
Listing Agency: Ideal Real Estate Listing Agent: Bill Leland
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A office building, located at 542-544 N 5th Ave, Sequim, WA 98382, presents a compelling investment opportunity. The 4,320 square foot property, built in 2007, boasts four units across a single-story building on a 0.87-acre lot. Currently operating at 100% occupancy with a diverse tenant base of high-quality businesses in the medical and finance sectors, this multi-unit office complex offers a stable income stream. The property features a Lifestyle District (LD) zoning designation. The asking price is $1,650,000, representing a compelling price per square foot of $381.94 and a pro-forma cap rate of 7.26%, yielding a pro-forma NOI of $119,866. Leases are NNN, with credit-rated tenants and lease options available for terms of 1-5 years, including rent bumps of 1 @ 1.28%/year and 2 @ 3%/year. The property's prime location offers convenient access to downtown Sequim's amenities, while also being near the Olympic National Forest, Olympic Mountain Range, and John Wayne Marina. This is an ideal investment for those seeking a stable, high-return property in a desirable location. All showings require prior notice. Further details are available upon request.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical offices
Location Insight
- Map
- Local Demand
- City
- Sequim
- County
- Clallam
- State
- Washington
- Longitude
- -123.112632
- Latitude
- 48.084334
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FAQs
What type of property is this?
Medical office - High-return office complex, 100% occupied.
Where is this medical office located?
The property is located at 542 5Th Ave Sequim, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Class A, 4,320 sq ft office building in Sequim, WA.; Built in 2007, single-story, four units on a 0.87-acre lot.; 100% occupancy with medical and finance tenants; stable income stream.