Description
THIS OFFERING is for the opportunity to purchase a well-positioned owner user/investor office building with traditionally configured vacant space ready to occupy totaling approximately 3,510SF and the remainder leased on a multi-year term via a pure triple-net lease passing through all proportionate costs of ownership to the tenant.Located in a desirable west Yakima location just two parcels south of Summitview Ave, the property has good curb appeal via an attractive exterior facade and mature landscaping while the spaces are nicely appointed with cherry wood trim and doors and an abundance of natural light from large picture windows and sidelights. Existing tenant, an established and well-regarded fruit exporter, has been in the building since approximately August of 2005 and thcurrent lease expires May 31, 2024 delivering approximately $46,428 of annual scheduled income. Future 'paper add' upside exists from the current lease, which is only charging rent and CAM's/NNN's on the useable square footage.
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0BEDS
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0.67ACRES
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0BATHS
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01/2 BATHS
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6,957SQFT
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$180$/SQFT
School Ratings & Info
Description
THIS OFFERING is for the opportunity to purchase a well-positioned owner user/investor office building with traditionally configured vacant space ready to occupy totaling approximately 3,510SF and the remainder leased on a multi-year term via a pure triple-net lease passing through all proportionate costs of ownership to the tenant.Located in a desirable west Yakima location just two parcels south of Summitview Ave, the property has good curb appeal via an attractive exterior facade and mature landscaping while the spaces are nicely appointed with cherry wood trim and doors and an abundance of natural light from large picture windows and sidelights. Existing tenant, an established and well-regarded fruit exporter, has been in the building since approximately August of 2005 and thcurrent lease expires May 31, 2024 delivering approximately $46,428 of annual scheduled income. Future 'paper add' upside exists from the current lease, which is only charging rent and CAM's/NNN's on the useable square footage.
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