$1,400,000
Yakima, WA 98901
MLS# 19-456
Status: Closed
5657 sqft
1 / 1
Property Description
12 year NNN Leased Investment Property located in Downtown Yakima. Leased by Radio Yakima, this 5,657sf, 8 radio station/office space rests on the main level of Yakima's premium downtown condominiums. This showpiece of a space is being offered at a 7% cap with a NOI of $111,720 (after factoring 5% for credit loss/vacancy and 2% capital replacement reserves). Current lease expires January 1, 2031. Tenant has 3 options to renew at 5 years with CPI increases at each renewal.
Details
Maps
Documents
Contract Information
Current Price: $1,400,000
MLS Service Begin Date: 2019-03-07
Status: Closed
Sold Price: $1,400,000
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: Yes
General Property Description
Year Built: 2008
Total Apx SF: 5657
Lot Front Ft Approx: 71
Lot Depth Ft Approx: 100
Total Approx Lot SF: 5657
List Price Per SqFt: 282.13
Acreage M/L: 0.12
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Office
Location, Tax & Legal
Area (with SubArea): 1A - NE Yakima
House Number: 17
Street Dir: N
Street Name: 3rd
Street Suffix: St
Unit,Space or Lot #: 103
State/Province: WA
Zip Code: 98901
Status Change Info
Sold Date: 2019-07-01
Under Contract Date: 2019-05-10
Status Change Date: 2019-07-01
Sold Price: $1,400,000
Sold Pr Description: Total Sold Price
Financing: OTHER
Property Information
Cap Rate %: 7
Property Features
Air Conditioning: Central Air
Construction Style: Concrete Tilt-Up; Frame
Crops: None
Domestic Water: Public Water
Floor Coverings: Carpets; Tile
Foundation: Concrete
Heat: Forced Air; Gas
Irrigation: No
Lockbox: Agent Remarks
Lot Features: CC & R; Corner
Lot Size: 0 - .25 Acres
Roof: Built-Up
Sewage System: Connected
Siding: Stucco
Sq Ft Source: County Assessor
Terms: Cash; Conventional; Commercial
Zoning: CBD - Cent Bus Dist
Sellers Disc 
Listing Office: Almon Commercial-Residential Real Estate
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.