321 Lofts & Franklin Loft Apartments
Olympia, WA Downtown Olympia

$12,500,000 USD

Multifamily For Sale • 78,419 SF

2 Properties View all

Property Details

Property Type Multifamily

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                Attractive assumable debt at 3.38% rate through April, 2031
                            
                                6.2% T-12 Cap Rate provides 280+ basis points of positive leverage immediately
                            
                                Highly walkable 50 Yard Line Historic District location
                            
                                Superb neighborhood demographics driven by close proximity to top employers
                            
                                Quality construction with rental upside; prime candidate for groups in a 1031 exchange