213 E Washington St
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213 E Washington St
6,604 SF 100% Leased Retail Building Sequim, WA 98382 £763,717 (£116/SF) 5.95% Net Initial Yield
Investment Highlights
- Heavy traffic along Sequim's busiest street
- Four separate leased spaces
- High visibility
Executive Summary
Excellent investment opportunity in ideal location, fully leased with long term tenants. High traffic along Sequim's busiest street (Washington St.)and on same block as US Post Office. Tenants: Edward Jones, Habitat for Humanity, Pedego Electric Bikes and Beal Carpet and Drapes. One tenant paying below market rent is month to month. Current Net income of $58,000. Parking lot with 14 dedicated spaces. Tenants pay their own electricity and seller pays sewer, water and garbage.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£60,073
|
£9.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£60,073
|
£9.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£13,231
|
£2.00
|
| Net Operating Income |
£46,842
|
£7.09
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £60,073 |
| Annual Per SF | £9.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £60,073 |
| Annual Per SF | £9.10 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £13,231 |
| Annual Per SF | £2.00 |
| Net Operating Income | |
|---|---|
| Annual | £46,842 |
| Annual Per SF | £7.09 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,604 SF
Building Class
C
Year Built
1940
Price
£763,717
Price Per SF
£116
Net Initial Yield
5.95%
NOI
£45,441
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.53
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
S_C-3
Parking
14 Spaces (2.12 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
1 of 50
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213 E Washington St
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