Union Tower

Off-Market

1025 Union Avenue SE, Olympia, WA 98501

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Government Office
  • Property Size 58,796 SF
  • Lot Size 1.79 Acre
  • Parking Spaces Avail. 211
  • Parking Ratio 3.60 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1972

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 09 Nov, 2017
  • 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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Olympia Office Market

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

  • 2021 Avg. Asking Rent $28.48
  • 2021 Office Vacancy Rate 12.26%
  • 2021 Office Completions (SF) 45,395
View more Olympia market trends

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable
  • Transit Score ®

    48/100 Some Transit
  • Bike Score ®

    93/100 Biker's Paradise
Powered by Walk Score ®
  • City Olympia, WA
  • Neighborhood Downtown Olympia
  • Zip Code 98501
  • Market Seattle

Points of Interest

  • Capital Aeroporter Airport Shuttle

    2.75 miles

  • Olympia-Lacey

    5.55 miles

  • Shell

    0.13 miles

  • Chevron

    0.17 miles

  • Blink

    0.41 miles

  • Shell

    0.55 miles

  • Blink

    0.69 miles

  • Fast Fuel

    0.74 miles

  • Texaco

    0.87 miles

  • Conoco

    0.98 miles

  • Shell

    1.02 miles

  • Chevron

    1.52 miles

  • St.Michaels Lower Parking

    0.05 miles

  • HCA - Customer Parking (3)

    0.28 miles

  • HCA - Visitor (1)

    0.33 miles

  • Health Care Authority Parking

    0.34 miles

  • Customer

    0.34 miles

  • New Bridge Parking

    0.35 miles

  • Truck Dock

    0.37 miles

  • Olympia Woodland Trail

    0.37 miles

  • WA Health Care Authority Employee Parking

    0.37 miles

  • Madison scenic park parking

    0.38 miles

  • Quality Inn

    0.13 miles

  • Swantown Inn Bed and Breakfast

    0.27 miles

  • Ground Inn

    0.40 miles

  • Fertile Ground Guesthouse

    0.48 miles

  • Short Stay Lodgings

    0.49 miles

  • Capitol Plaza Hotel

    0.59 miles

  • TownePlace Suites Olympia

    0.60 miles

  • Olympia Inn

    0.63 miles

  • The Governor Hotel, a Coast Hotel

    0.69 miles

  • Hilton Garden Inn

    0.73 miles

  • Jimmy John's

    0.09 miles

  • Subway

    0.14 miles

  • Casa Mia

    0.27 miles

  • McDonald's

    0.30 miles

  • Jack in the Box

    0.38 miles

  • Southbay Dickerson's Low/Slow BBQ

    0.40 miles

  • 5th on 4th Sandwiches & More

    0.45 miles

  • Oly Rockfish Grill

    0.51 miles

  • Fish Tale Brew Pub

    0.51 miles

  • Fuji Japanese

    0.52 miles

  • Saint Michaels Catholic School

    0.11 miles

  • WSU Cooperative Extension Energy Program

    0.24 miles

  • Avanti High School

    0.28 miles

  • Madison Elementary School

    0.31 miles

  • Lincoln Elementary School

    0.85 miles

  • Olympia Regional Learning Academy

    0.95 miles

  • Nova School

    0.98 miles

  • Roosevelt Elementary School

    1.18 miles

  • William Winlock Miller High School

    1.48 miles

  • Washington Middle School

    1.59 miles

  • Play Space

    2.11 miles

  • Little Llamas Learning Center

    5.25 miles

  • Kiddie Academy

    5.78 miles

  • Tutor Time

    5.88 miles

Frequently Asked Questions

What is the total square footage of Union Tower?

Union Tower totals 58,796 square feet.

When was this property built?

Union Tower was built in 1972.

When was Union Tower last sold?

Union Tower was last sold on 09 Nov, 2017.

What is the property tax for Union Tower?

The property tax for Union Tower in 2023 was $119,372.

What is the market value for Union Tower?

The market value* for Union Tower in 2023 was $11,987,900.
*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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.