3467 Galvin Rd
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3467 Galvin Rd
19,292 SF Office Building Centralia, WA 98531 £3,333,742 (£173/SF) 7.07% Net Initial Yield
Investment Highlights
- Near public transit
- Roof was replaced in 2016 and resealed in 2021
- Parking lot was seal coated and restriped in 2021
- Direct access to Galvin Road
- Exterior paint was renewed in 2022
Executive Summary
• Long Term Lease
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,292 SF
Building Class
B
Year Built
2001
Price
£3,333,742
Price Per SF
£173
Net Initial Yield
7.07%
NOI
£235,847
Tenancy
Single
Number of Floors
1
Typical Floor Size
19,292 SF
Building FAR
0.23
Land Acres
1.93 AC
Zoning
M1
Parking
95 Spaces (4.92 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 023923-002-000 | Improvements Assessment | £1,761,157 |
Land Assessment | £296,742 | Total Assessment | £2,057,900 |
PROPERTY TAXES
Parcel Number
023923-002-000
Land Assessment
£296,742
Improvements Assessment
£1,761,157
Total Assessment
£2,057,900
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3467 Galvin Rd
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