542 5th Ave Sequim, WA 98382-3079

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.