1615 E Chemical Dr - Distribution FOR SALE


Kennewick, WA 99337
$2,500,000 USD
813-391-1545
1615 E Chemical Dr, Kennewick, WA for Sale
$2,500,000 USD
Distribution - FOR SALE
1/21
null | Request Cap Rate

1615 E Chemical Dr
Kennewick, WA 99337


HIGHLIGHTS

  • Turn-Key Passive Income
  • Long-Term Tenants
  • 46-Spaces Left To Lease = $35K More Income
  • SELLER FINANCING OFFERED TO QUALIFIED PURCHASER!

OVERVIEW

This offering combines a very stable passive income, upside rent potential and Seller Financing offering. The owner is busy with other projects and doesn’t have time to continue work on leasing the remaining 46 parking spaces, which will include an additional $35,000 in the gross revenue when fully leased. There is no CapX for the new owner. Just purchase and collect. This offering includes: • 5 Warehouse Buildings (Fully Leased) • 2 Outdoor Industrial/Storage Areas (Fully Leased) • 89 Parking Spaces (50% Leased) • $263,575 Gross Revenue (2024) • $97,524 Expenses (Includes Management) • $166,050 NOI (2024) Seller Financing: Seller Financing is offered. Interest rate and terms are TBD but may include: • $1M Down Payment • 5% Interest Only • 5-10 Year Balloon

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warhouse-Storage Park! Seller Financing!

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

34

LAND DETAILS

LAND ACRES

3.9

LAND SF

169,884

ZONING

28

APN/PARCEL ID

1-0580-302-0031-001

ASK ABOUT THIS PROPERTY

Benny SpensieriJennifer Stein Real Estate IncMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Benny SpensieriJennifer Stein Real Estate IncMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.