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542 5Th Ave Sequim, WA 98382

Sponsored
For Sale
$1,650,000

High-return office complex, 100% occupied.

Property size:
4,320 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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 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

HighLights

  • 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.
  • Lifestyle District (LD) zoning; asking price $1,650,000 ($381.94/sq ft), 7.26% pro‑forma cap rate, $119,866 pro‑forma NOI.
  • NNN leases with credit‑rated tenants; lease terms 1‑5 years with rent bumps.
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Sequim
County
Clallam
State
Washington
Longitude
-123.112632
Latitude
48.084334

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.
More about this property
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