Contacts
William C. Almon Jr.
Almon Commercial Real Estate
(509) 966-3800
Property Details
- Property Type Office - General Office
- Property Size 12,669 SF
- Units 9
- Lot Size 0.78 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1999
- Date Updated Apr 12, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Rare investment grade opportunity where the cap rate does not manipulate the sale price to be above market.
- Relatively easy path to upside by re-tenanting or renewing leases closer to fair market rent, converting semi-gross leases to NNN and cosmetic façade work.
- Current leases are delivering the equivalent of approximately $7.48/SF of net rent, which is significantly under market.
- The fair market value of the building, if vacant, might be approximately $135/SF, and should command rental rates between $11 - $12/SF, NNN.
- Lease to Marantha is not being renewed and the space is currently on the market asking $11/SF, NNN.
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Yakima, WA
- Neighborhood Yakima
- Zip Code 98902
- Market Tri Cities
Points of Interest
-
Safeway Fuel Station
0.18 miles
-
Safeway Fuel Station
0.47 miles
-
Conoco
0.69 miles
-
Conoco
1.39 miles
-
Safeway Fuel Station
1.51 miles
-
Arco
2.19 miles
-
Fred Meyer Fuel Center
2.24 miles
-
Safeway Fuel Station
2.28 miles
-
Arco
2.32 miles
-
76
2.47 miles
-
Lot P
1.06 miles
-
Lot A
1.17 miles
-
Lot E
1.17 miles
-
Lot B
1.24 miles
-
Lot F
1.25 miles
-
Lot O
1.25 miles
-
Lot C - Visitor Parking
1.25 miles
-
Lot D - Admin Parking
1.26 miles
-
Lot H - Student Parking
1.28 miles
-
Lot G - Faculty/Staff
1.28 miles
-
Western Motel
0.60 miles
-
Red Apple Motel
0.66 miles
-
Econo Lodge
0.67 miles
-
Bali Hai Motel
0.75 miles
-
Yakima Valley Inn
0.81 miles
-
The Hotel Maison
0.93 miles
-
Yakima Inn
0.93 miles
-
Budget Inn Yakima
0.95 miles
-
Hilton Garden Inn Yakima
0.97 miles
-
Sunshine Motel Inn
1.14 miles
-
Safeway
0.27 miles
-
Safeway
0.52 miles
-
Mercado de Yakima
0.71 miles
-
Downtown Market
0.92 miles
-
Big Lots
1.48 miles
-
Target
1.50 miles
-
Safeway
1.60 miles
-
Walmart Supercenter
1.96 miles
-
Fiesta Foods
2.13 miles
-
Bi-Mart
2.14 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
William C. Almon Jr.
Almon Commercial Real Estate
(509) 966-3800