$1,800,000
Yakima, WA 98901
MLS# 08-3825
Status: Closed
23544 sqft
1 / 4
Property Description
Huge Price Drop! 11.85% Cap Rate on actual in-place NOI. Black Diamond Commercial Real Estate of Yakima, WA is pleased to offer Westfair Plaza, a 100% occupied in-line shopping center on a busy CBD arterial with huge rental upside. The following attributes highlight this offering: *Busy Central Business District with over 25,000 VPD on South First Street *100% Occupied
Details
Maps
Documents
Contract Information
Current Price: $1,800,000
MLS Service Begin Date: 2008-10-24
Status: Closed
Sold Price: $1,800,000
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1980
Total Apx SF: 23544
Lot Front Ft Approx: 150
Lot Depth Ft Approx: 300
Total Approx Lot SF: 55500
List Price Per SqFt: 78.58
Acreage M/L: 1.27
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Retail
Detail Use: Street Retail
Location, Tax & Legal
Area (with SubArea): 1B - SE Yakima
House Number: 905
Street Dir: S
Street Name: 1ST
Street Suffix: St
State/Province: WA
Zip Code: 98901
Status Change Info
Sold Date: 2010-10-29
Under Contract Date: 2010-08-10
Status Change Date: 2010-11-01
Sold Price: $1,800,000
Financing: CASH
Property Information
Cap Rate %: 11.85
Who Pays Costs
Maint Struct: L
Maint Roof: L
Maint Ext Walls: L
Maint Grounds: T
Maint Interior: T
Main Heat A/C: L
RE Tax: T
Real Prop Ins: T
Utilities: T
Common Area: T
Property Features
Air Conditioning: Central Air
Basement: None
Construction Style: Block
Domestic Water: Public Water
Floor Coverings: Agent Remarks
Foundation: Slab
Heat: Agent Remarks
Irrigation: No
Lockbox: Agent Remarks
Lot Features: Agent Remarks
Lot Size: 1+ - 5.0 Acres
Outbuildings: Agent Remarks
Roof: Agent Remrks
Sewage System: Connected
Siding: Stucco
Sq Ft Source: County Assessor
Terms: Assume; Cash; Conventional; Commercial
Zoning: CBD - Cent Bus Dist
Supplements
on the 4,814 SF of retail vacancy. *High Cap-Rate, given the Rent Guarantee *National Tenant, Grainger, headlines the list of solid tenants. *Well-Built, Easy to Maintain, NNN Leases offer passive income. In addition, the shopping center has over 14,000 SF of available warehouse space, a drive-thru coffee shop on a ground lease, and a separate parking lot with South First Street frontage that can be purchased along with Westfair Plaza, or separately. The warehouse is divided into two spaces, with over 8,000 SF leased to a major PepsiCo Distributor - Noel, and the remaining 5,060 SF, vacant. The warehouse is offered at $475,000. This is an 8% CAP Rate on the existing NOI, and does not take into consideration the lease-able 5,060 SF of available
space.
Brochure 
Listing Office: Black Diamond Commercial
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.