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Martin Village - 5400 Martin Way East

Off-Market

5400 Martin Way East, Olympia, WA 98516

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  • Property Type Retail - Community Center
  • Property Size 120,932 SF
  • Lot Size 9.16 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2005

Location

  • City Olympia, WA
  • Neighborhood Westminster Walk
  • Zip Code 98516
  • Market Seattle

Contacts

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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
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Documents

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Sales

  • Purchase Date 23 Dec, 2019
  • 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
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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)
View more Olympia market trends

Tax

  • Property Tax in 2022 $287,288
  • Market Value* $24,745,800
  • Assessed Value $24,745,800

Find more tax info, including assessment history and abatements, on CommercialEdge

*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 Martin Village - 5400 Martin Way East?

Martin Village - 5400 Martin Way East totals 120,932 square feet.

When was this property built?

Martin Village - 5400 Martin Way East was built in 2005.

When was Martin Village - 5400 Martin Way East last sold?

Martin Village - 5400 Martin Way East was last sold on 23 Dec, 2019.

What is the property tax for Martin Village - 5400 Martin Way East?

The property tax for Martin Village - 5400 Martin Way East in 2022 was $287,288.

What is the market value for Martin Village - 5400 Martin Way East?

The market value* for Martin Village - 5400 Martin Way East in 2022 was $24,745,800.
*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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