$574,400
Yakima, WA 98903
MLS# 05-2696
Status: Closed
10600 sqft
1 / 1
Property Description
NEWER TWO-TENANT METAL CLEARSPAN WAREHOUSE IN GROWING INDUSTRIAL PARK ALONG SOUTHERN BORDER OF AIRPORT AVAILABLE AT AN 8 CAP. OWNER WILL ENTER INTO A 5-YR PURE NNN MASTER LEASE UPON CLOSING W/ANNUAL NOI OF $45,792 & ANNUAL ESCALATIONS OF 1.5% & TWO 5-YR OPTIONS TO RENEW. MASTER LEASE RATE TO BE UNDER-MARKET, BASED ON $.36/SF. EXISTING LEASES THROUGHOUT THE PARK, IN BLDGS CONTROLLED BY LANDLOR
Details
Maps
Contract Information
Current Price: $574,400
MLS Service Begin Date: 2005-08-18
Status: Closed
Sold Price: $574,400
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 2003
Total Apx SF: 10600
Total Space Avail SF: 10600
List Price Per SqFt: 54.19
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Location, Tax & Legal
Area (with SubArea): 3C - S Wash 16th-40th
House Number: 2201
Street Name: Ahtanum
State/Province: WA
Zip Code: 98903
Status Change Info
Sold Date: 2005-11-08
Under Contract Date: 2005-08-25
Status Change Date: 2005-11-09
Sold Price: $574,400
Financing: CASH
Property Features
Construction Style: Steel
Domestic Water: Public Water
Floor Coverings: Concrete
Heat: Gas
Lot Size: 1+ - 5.0 Acres
Roof: Metal
Sewage System: Connected
Terms: Cash
Zoning: M1 - Light Indus
Supplements
D RENT ON AVERAGE OF APPROx. $.40/SF, CREATING UPSIDE TO THE INVESTOR IF THE MASTER LEASE IS NOT RENEWED. CONTACT LISTING AGENT FOR DRAFT MASTER LEASE OR EXISTING LEASE(S).
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.