$882,000
Yakima, WA 98908
MLS# 22-280
Status: Closed
14990 sqft
1 / 13
Property Description
THIS OFFERING is for the opportunity to acquire a passive single tenant net leased investment property with minimal landlord responsibilities and within the industrial sector, which is currently in very high demand within the marketplace. The property is leased to Haley Manufacturing (haleymfg.com), an established local manufacturing company specializing in agricultural products, through November of 2028 at below market rent of only $.40/SF/month, NNN, with 2% annual escalations. The advertised net operating income calculation is conservative after reductions of 5% for a vacancy factor and 2% for capital replacement reserves. This is a rare opportunity to acquire an investment grade offering where the capitalization rate does not manipulate the price above market, which in turn provides both for downside protection and significant potential upside.
Details
Maps
Contract Information
Current Price: $882,000
MLS Service Begin Date: 2022-02-21
Status: Closed
Sold Price: $882,000
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1976
Total Apx SF: 14990
Total Approx Lot SF: 209088
List Price Per SqFt: 59.62
Acreage M/L: 4.8
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Industrial
Location, Tax & Legal
Area (with SubArea): 7A - Gleed/Suntides
House Number: 460
Street Name: McLaughlin
Street Suffix: Rd
State/Province: WA
Zip Code: 98908
Status Change Info
Sold Date: 2022-04-29
Under Contract Date: 2022-04-18
Status Change Date: 2022-04-29
Sold Price: $882,000
Sold Pr Description: Total Sold Price
Financing: OTHER
Property Features
Construction Style: Frame; Steel
Domestic Water: Private Well
Heat: Propane
Lot Size: 1+ - 5.0 Acres
Roof: Composition; Metal
Sewage System: Septic Installed
Zoning: C - Commercial
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.