$11,714,000
Yakima, WA 98902
MLS# 21-1564
Status: Closed
265564 sqft

1 / 48
Property Description
10 West Mead is a 3 building 265,564 SF facility with 6 unique parcels totaling 22.95 acres. The site is zoned for manufacturing/food uses. Constructed in phases from 1965 to the early 1990's, the fully leased facility offers an investor or an owner/user the opportunity to acquire a strategic, stabilized apple packaging and storage facility with land area for expansion or storage at an offer price well below replacement cost. The property is served by both truck as well as Columbia Basin Railroad, a shortline provider with connection to the UPRR and BNSF
Details
Maps
Documents
Contract Information
List Pr Description: Total List Price
Seller Disclosure: Yes
Current Price: $11,714,000
MLS Service Begin Date: 2021-06-29
Status: Closed
Sold Price: $11,714,000
Sub Type: Commercial Property
General Property Description
Lot Front Ft Approx: 1200
Lot Depth Ft Approx: 1201825
Total Approx Lot SF: 999702
Acreage M/L: 22.95
List Price Per SqFt: 47.07
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Industrial
Detail Use: Refrig/Cold Storage
Year Built: 1958
Total Apx SF: 265564
Location, Tax & Legal
Taxes: 89757
Tax Year: 2021
Spec Tax Designation: None
Parcel Number: 191331-12404, 12405, 12406, 12407, 21515, 21517
Sellers Title Ins Co: Fidelity Title
Area (with SubArea): 3A - Btwn S 1st/16th
House Number: 10
Street Dir: W
Street Name: Mead
Street Suffix: Ave
State/Province: WA
Zip Code: 98902
Remarks & Misc
Public Remarks: 10 West Mead is a 3 building 265,564 SF facility with 6 unique parcels totaling 22.95 acres. The site is zoned for manufacturing/food uses. Constructed in phases from 1965 to the early 1990's, the fully leased facility offers an investor or an
owner/user the opportunity to acquire a strategic, stabilized apple packaging and storage facility with land area for expansion or storage at an offer price well below replacement cost. The property is served by both truck as well as Columbia Basin Railroad, a shortline provider
with connection to the UPRR and BNSF
Directions: S. 1st to Mead Between 1st Ave and 3rd Ave on Mead
Status Change Info
Sold Pr Description: Total Sold Price
Financing: CASH
Sold Date: 2021-11-17
Under Contract Date: 2021-07-23
Status Change Date: 2021-11-19
Sold Price: $11,714,000
Basement
None: 1
Domestic Water
Public Water: 1
Irrigation
No: 1
Air Conditioning
Agent Remarks: 1
Lot Size
10+ Acres: 1
Accessibility
Agent Remarks: 1
Foundation
Concrete: 1
Heat
Agent Remarks: 1
Sewage System
Connected: 1
Construction Style
Concrete Tilt-Up: 1
Agent Remarks: 1
Zoning
M1 - Light Indus: 1
Roof
Agent Remrks: 1
Lockbox
Agent Remarks: 1
Floor Coverings
Concrete: 1
Siding
Agent Remarks: 1
Sq Ft Source
County Assessor: 1
Terms
Cash: 1
Conventional: 1
Commercial: 1
Possession
Close Of Escrow: 1
Property Features
Accessibility: Agent Remarks
Air Conditioning: Agent Remarks
Basement: None
Construction Style: Concrete Tilt-Up; Agent Remarks
Domestic Water: Public Water
Floor Coverings: Concrete
Foundation: Concrete
Heat: Agent Remarks
Irrigation: No
Lockbox: Agent Remarks
Lot Size: 10+ Acres
Roof: Agent Remrks
Sewage System: Connected
Siding: Agent Remarks
Sq Ft Source: County Assessor
Terms: Cash; Conventional; Commercial
Possession: Close Of Escrow
Zoning: M1 - Light Indus
Supplements
" The main building, a 175,236 SF facility, is comprised
of 75,894 SF of apple packing areas, 92,788 SF of controlled atmosphere and cooler space, with the remainder of the space dedicated to office, employee areas, and truck and rail loading. The building has in excess of 1,000 amps of power distributed throughout the main packing area. The building has 4 dock
loading positions and 3 rail doors adjacent the dock
positions. There are also grade level doors located at the South and West. Clear heights vary from 18-24+ feet depending on area and related use. There are approximately 80 employee parking spaces located adjacent the north elevation of the building.
" Complex B is a 48,480 SF controlled atmosphere
storage facility with capacity for 24,420 storage bins,
located on 3.51 acres with an adjoining 1.99 acre level
parcel for either expansion or bin storage. " Complex C is a 41,848 SF controlled atmosphere facility with capacity for 19,070 bins with an adjoining vacant, level 8.25 AC parcel. " A truck scale and attendants' structure is located between the Main Building and Complex C and included should a buyer purchase the entire site. Water and sewer services are provided by the City of
Yakima Public Utilities. Electricity is supplied by Pacific
Power, natural gas by Cascade Natural Gas.
INVESTMENT HIGHLIGHTS
The fully leased property provides an investor the opportunity to secure a fully leased property at price approximately 30% below replacement cost, with additional land that can be used for future development or outside storage.
OFFER PROCESS & DEADLINE
The property will be available for user or investor tours
until July 20, 2021. Offers to purchase may be presented
until that time and will be reviewed upon presentation
with ownership reserving the right to accept any offer.
All proposals will be considered in due course and may
receive a counter or response no later
than July 26, 2021.
Listing Office: Keller Williams Yakima Valley
Last Updated: September - 07 - 2024
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.
Offering Memorandum