600 Franklin Street SE, Olympia, WA

Property Type Office - General Office
Property Size 26,650 SF
Lot Size 0.39 Acre
Property Tenancy Single Tenant
Building Class B
Year Built 1951

Location

City Olympia, WA
Neighborhood Downtown Olympia
Zip Code 98501
Market Seattle

Contacts

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Owner

True Owner

Brokers

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Documents

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Sales

Purchase Date 30 Dec, 2013
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Olympia

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Olympia Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $26.99
2020 Office Vacancy Rate 3.29%
2020 Office Completions (SF)

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Tax

Property Tax in 2022 $52,918
Market Value* $4,437,200
Assessed Value $4,437,200

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 600 Franklin Street SE?

600 Franklin Street SE totals 26,650 square feet.

When was this property built?

600 Franklin Street SE was built in 1951.

When was 600 Franklin Street SE last sold?

600 Franklin Street SE was last sold on 30 Dec, 2013.

What is the property tax for 600 Franklin Street SE?

The property tax for 600 Franklin Street SE in 2022 was $52,918.

What is the market value for 600 Franklin Street SE?

The market value* for 600 Franklin Street SE in 2022 was $4,437,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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600 Franklin Street SE, Olympia, WA 98501 - Office Space

600 Franklin Street SE is located at 600 Franklin Street SE in the Downtown Olympia neighborhood, WA, Olympia, 98501. The Class B Office building was completed in 1951 and features a total of 26,650 SF.

There are 28 office spaces for lease in the Downtown Olympia neighborhood, totaling 121,606 SF of available office space. The office space availability for the 98501 zip code is 147,000 SF, in 34 office spaces. The average asking office rent per SF in Downtown Olympia is $20.81/SF/YR. For Class B office buildings the average office rate is $20.5/SF/YR, for Class C office buildings the average office rate is $17.66/SF/YR.

In Downtown Olympia, there are 20 class B office buildings. In Downtown Olympia, there are a total of 1 LEED certified office buildings. At zip code level, there are 43 commercial properties, of which 25 are office buildings over 50,000 square feet.

600 Franklin Street SE