Investment Overview

Opportunity to acquire the fee simple interest in the historic Mottman Building, a mixed-use building in the heart of downtown Olympia, the capitol of Washington state (“The Offering”). Mostly consisting of small office and mid-sized storefront retail suites, the Offering boasts strong historical occupancy and a 30-stall private parking lot that generates additional income. Situated along the most heavily trafficked thoroughfare in downtown Olympia, the building was constructed in 1888 and expanded in 1911. A full seismic retrofit was completed to shore up the structure and enhance the enduring quality of this historic property, which has been professionally managed for decades. The Offering resides in the Downtown Olympia Historic District and is listed on the National Register of Historic Place, which brings building code lenience and tax benefits. Additionally, The Offering is in a Qualified Opportunity Zone adding further tax incentives allowing investors to defer capital gains. An incoming investor will enjoy an attractive in-place return and scheduled annual rent increases as a hedge against inflation. Additional upside can be achieved through raising parking stall rates to market and renegotiating certain below market r ents t o mark et upon r enewals.