FULLY LEASED OFFICE PROPERTIES

$31M

Asking PRICE

7.16%

CAP RATE ON 2025 INCOME



CAPITOL VIEW I - 712 QUINCE STREET NE

Building Area 70,000 SF
Stories 3
Land Area 79,279 SF
2025 Net Operating Income $1,309,220
Current Lease Rate $23.50/SF/Yr Modified Gross*
Tenant Washington State Department of Social & Health Services

Tenant has occupied the building since 1988

CAPITOL VIEW II - 724 QUINCE STREET NE

Building Area 56,900 SF
Stories 4
Land Area 75,794 SF
2025 Net Operating Income $909,954
Current Lease Rate $21.50/SF/Yr Modified Gross*
Tenant Washington State Department of Social & Health Services

Tenant has occupied the building since 2007

*Landlord is responsible for payments of RE Taxes, Insurance and Maintenance / Management Expenses

Location

Due Diligence

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