The Arts Park | Olympia, WA
THE VARA GROUP is excited to announce the sale of The Arts Park, a multi-building investment property in Olympia, WA. Within just two weeks of going to market, the asset attracted multiple offers and strong investor interest. Our team worked closely with all parties to address and navigate significant deferred maintenance and capital expenditure concerns. The property ultimately closed all-cash to an out-of-state investor at an aggressive in-place cap rate. For details on pricing metrics, please contact the deal team directly. This closing demonstrates our ability to resolve complex issues while delivering strong results for our clients in competitive environments.
Address: 6221, 6239, 6301, 6303 and 6305 Rich Rd SE, Olympia, WA 98501
Client Testimonial
"Mathew Herman, Donna Brunner and the whole Vara Group at Marcus and Millichap provided us with outstanding support through the long process from first consultation to closure. From marketing and showing the property to final purchase and sale agreement our needs were listened to, and the response was always both timely and informative. There can be many contingencies and due diligence processes when selling a commercial industrial property. At every step we felt we were given guidance that was caring, professional and I am sure, above and beyond the norm. They know the market and the territory that must be traversed. I can recommend their brokerage services without reservation."
- Steve I.