Description
THIS OFFERING is for the opportunity to purchase a net leased multi-tenant building with a good blend of regional and local retailers and professionals at an attractive cap rate and affordable purchase price based upon below market leases signed at an average of just under $9/SF, NNN, providing for some upside while also providing downsize protection. The purchase price equates to approximately $101.51/SF, which demonstrates a rare opportunity to acquire an investment grade property at an equivalent price/SF the building would be worth if it were sold vacant, meaning the capitalization rate does not manipulate the price above market. The sole vacancy, a former emergency veterinarian clinic, is currently on the market and seller will lease that space back for a period of up to 6 months if it has not been filled by closing.
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0BEDS
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0.49ACRES
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0BATHS
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01/2 BATHS
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12,323SQFT
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$102$/SQFT
School Ratings & Info
Description
THIS OFFERING is for the opportunity to purchase a net leased multi-tenant building with a good blend of regional and local retailers and professionals at an attractive cap rate and affordable purchase price based upon below market leases signed at an average of just under $9/SF, NNN, providing for some upside while also providing downsize protection. The purchase price equates to approximately $101.51/SF, which demonstrates a rare opportunity to acquire an investment grade property at an equivalent price/SF the building would be worth if it were sold vacant, meaning the capitalization rate does not manipulate the price above market. The sole vacancy, a former emergency veterinarian clinic, is currently on the market and seller will lease that space back for a period of up to 6 months if it has not been filled by closing.
© 2025 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Candy Lea Stump | Keller Williams Yakima Valley. Data last updated: 2025-04-28T08:49:09.31.