Description
Commercial Investment Opportunity with a great value-add proposition! Presenting a well-maintained 10,000 square foot office building with four distinct spaces, ideal for an investor seeking a blend of stable tenancy and significant upside potential.The property boasts excellent occupancy and a diversified income stream: 5,000 SF is currently leased to Astria Hospital on a month-to-month lease. Currently built out for dental. 2,500 SF is secured by the Washington State Department of Corrections who has been at this location for over 10 years and the current owner is negotiation a 5-year lease extension. The remaining 2,500 SF is vacant, offering an immediate value-add opportunity for a new owner to lease up and significantly increase the property's Net Operating Income (NOI).Situated on a large, ''L'' shaped lot, the site offers over 25 dedicated parking spaces and holds potential for future development or expansion. The location is unparalleled, positioned right in the heart of Sunnyside and immediately adjacent to McDonald's and numerous other retailers, ensuring high visibility and consistent traffic flow.
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0BEDS
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0.98ACRES
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0BATHS
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01/2 BATHS
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10,000SQFT
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$75$/SQFT
School Ratings & Info
Description
Commercial Investment Opportunity with a great value-add proposition! Presenting a well-maintained 10,000 square foot office building with four distinct spaces, ideal for an investor seeking a blend of stable tenancy and significant upside potential.The property boasts excellent occupancy and a diversified income stream: 5,000 SF is currently leased to Astria Hospital on a month-to-month lease. Currently built out for dental. 2,500 SF is secured by the Washington State Department of Corrections who has been at this location for over 10 years and the current owner is negotiation a 5-year lease extension. The remaining 2,500 SF is vacant, offering an immediate value-add opportunity for a new owner to lease up and significantly increase the property's Net Operating Income (NOI).Situated on a large, ''L'' shaped lot, the site offers over 25 dedicated parking spaces and holds potential for future development or expansion. The location is unparalleled, positioned right in the heart of Sunnyside and immediately adjacent to McDonald's and numerous other retailers, ensuring high visibility and consistent traffic flow.
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