266 SW 2nd St - Office FOR SALE


Stevenson, WA 98648
$1,100,000 USD
503-307-1204
266 SW 2nd St, Stevenson, WA for Sale
$1,100,000 USD
Office - FOR SALE
1/1
null | 7.11% Cap Rate

266 SW 2nd St
Stevenson, WA 98648


HIGHLIGHTS

  • Stable Income Stream – Current NOI of $78,229
  • Long-Term Government Tenant – Built specifically for the State of Washington, ensuring reliability
  • Prime CBD Location – Central and accessible in Stevenson’s commercial district
  • Purposeful Build out includes ADA access, separate and secure entrances, private offices, open cubicles, conference rooms and restrooms.
  • Parking – 30 dedicated spaces access by man elevator, 24 are covered, all are employee used
  • This is a rare chance to own a stable, government-backed investment property in a growing community.

OVERVIEW

An exceptional opportunity to acquire a 6,332 SF office building in the heart of downtown Stevenson, WA. The property includes parking for 30 cars, 24 are covered. This well-maintained property was purposely built for them and has been 100% leased to the State of Washington since 1996, with continuous occupancy and a strong likelihood of lease renewal for another five-year term starting June 30, 2027. Property is included in the 2025-2031 Six-Year Facilities Plans executed by the State of Washington which determines long term facility needs for the state, making a renewal highly likely.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DSHS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,250 SF

ZONING

-

APN/PARCEL ID

02070111400000

ASK ABOUT THIS PROPERTY

Caryl BrownKidder MathewsMore Info
503-307-1204

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Caryl BrownKidder MathewsMore Info
503-307-1204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.