$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
List Pr Description: Total List Price
Seller Disclosure: Yes
Current Price: $1,400,000
MLS Service Begin Date: 2019-03-07
Status: Closed
Sold Price: $1,400,000
Sub Type: Commercial Property
General Property Description
Lot Front Ft Approx: 71
Lot Depth Ft Approx: 100
Total Approx Lot SF: 5657
Acreage M/L: 0.12
List Price Per SqFt: 282.13
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Office
Year Built: 2008
Total Apx SF: 5657
Location, Tax & Legal
Taxes: 6656.56
Tax Year: 2018
Spec Tax Designation: None
Parcel Number: 191319-21518
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
Remarks & Misc
Public Remarks: 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.
Directions: E Yakima Avenue, North on 3rd St to address.
Status Change Info
Sold Pr Description: Total Sold Price
Financing: OTHER
Sold Date: 2019-07-01
Under Contract Date: 2019-05-10
Status Change Date: 2019-07-01
Sold Price: $1,400,000
Crops
None: 1
Property Information
Cap Rate %: 7
Domestic Water
Public Water: 1
Irrigation
No: 1
Air Conditioning
Central Air: 1
Lot Size
0 - .25 Acres: 1
Foundation
Concrete: 1
Heat
Forced Air: 1
Gas: 1
Sewage System
Connected: 1
Construction Style
Concrete Tilt-Up: 1
Frame: 1
Zoning
CBD - Cent Bus Dist: 1
Roof
Built-Up: 1
Lockbox
Agent Remarks: 1
Lot Features
CC & R: 1
Corner: 1
Floor Coverings
Carpets: 1
Tile: 1
Siding
Stucco: 1
Sq Ft Source
County Assessor: 1
Terms
Cash: 1
Conventional: 1
Commercial: 1
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.