220 S Railroad Ave - Warehouse FOR SALE


Ellensburg, WA 98926
$1,304,000 USD
509-480-0733
220 S Railroad Ave, Ellensburg, WA for Sale
$1,304,000 USD
Warehouse - FOR SALE
1/14
null | 6% Cap Rate

220 S Railroad Ave
Ellensburg, WA 98926


HIGHLIGHTS

  • National Tenant - NNN Lease w/over 5 years remaining
  • 3% ANNUAL ESCALATIONS – Above-market rent increases throughout the lease term
  • PRIME INDUSTRIAL LOCATION – Directly across from WinCo’s new 650,000SF distribution center
  • HEAVY INDUSTRIAL (I-H) ZONING – Fully fenced
  • EXCESS LAND – Approximately 14,210SF of excess land and yard space
  • WELL-EQUIPPED FACILITY – 480-amp power, (7) 10’x14’ roll-up doors, insulated clear-span construction with 1,920SF covered lean-to

OVERVIEW

THIS OFFERING presents the opportunity to acquire a well-appointed, steel-frame, clear-span industrial warehouse strategically located in Ellensburg’s Heavy Industrial (I-H) zone, directly across the street from WinCo Foods’ new 650,000SF distribution center. The fully insulated facility is served by 480-amp electrical service, city water and natural gas, and features (7) 10’ x 14’ overhead roll-up doors, two restrooms, approximately 230SF of office, +/-330SF of additional storage, and a 1,920SF covered lean-to on slab. The fully fenced property also includes approximately 14,210SF of excess land, providing valuable additional yard and operational space. The property is leased NNN to a national tenant with more than five years remaining on the existing lease, providing stable income with minimal landlord responsibilities. Current rent is approximately 15% below market, creating embedded upside, while above-market 3% annual rent escalations provide continued income growth throughout the remaining lease term. With an NOI of $78,249 and offered at a 6% cap rate, this is a compelling opportunity to acquire a well-located industrial asset with durable cash flow, contractual rent growth, and long-term upside in an expanding Ellensburg industrial corridor.

FOR SALE DETAILS

PRICE

$1,304,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

National Tenant - Industrial Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

7

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43

LAND SF

62,291

ZONING

I-H

APN/PARCEL ID

378133

ASK ABOUT THIS PROPERTY

Nick MayerAlmon Commercial Real EstateMore Info
509-480-0733

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Nick MayerAlmon Commercial Real EstateMore Info
509-480-0733

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