An anchor building in downtown Aberdeen is for sale on Auction.com. Known as the “Seafirst Building” the commercial building is now occupied by major tenant Bank of America, law firms and other businesses.
At the corner of Market and Broadway, the structure is classic 1970s style office building, built in 1974. It is listed as 60.3 percent occupied as of April 1 on the auction site.
The quality of the building is noted as “average” and estimated to be worth $2.8 million on the Grays Harbor County Assessor’s Office website.
Auction.com asks for an opening bid of $100,000 and a bid deposit of $5,000. An adjacent parking lot is included in the sale.
The auction works like “any online auction” and is from May 28 to May 30, said Jason Kim of the Irvine, Calif., based site.
The sale would not include the land the building rests on.
The land is owned as an endowed care fund by the Aberdeen Cemetery Association. David Bielski is owner and manager, with wife Sandi, of The Aberdeen Cemetery Association Inc., which operates Fern Hill Cemetery. David Bielski estimates the land to be worth between $350,000 and $400,000.
Endowed care funds for cemeteries are set up to provide funding for upkeep and maintenance. The Bielskis also manage the endowed care fund, which is audited by the state every few years and is “tightly monitored,” Sandi Bielski said.
The owners of the building lease the land for “north of $100,000” a year, David Bielski said.
David Bielski was approached by building owners “Gramercy Capital” in March to sell the land, but declined because the lease income was more beneficial to the trust over time. He declined to elaborate for the record.
Property listing agent Mark Jackson of Marcus & Millichap referred questions about 101 E. Market to sales manager Joel Deis, who did not respond by deadline.
About 12,000 of the rentable 35,864 square feet are available for rent, an occupancy rate deemed “about average” for Aberdeen by the building leasing agent, Tom Quigg, owner of Windermere Real Estate in Aberdeen.