4112 Summitview Ave - Office/Residential FOR SALE


Yakima, WA 98908
$2,695,000 USD
206-584-6195
4112 Summitview Ave, Yakima, WA for Sale
$2,695,000 USD
Office/Residential - FOR SALE
1/8
null | 6.75% Cap Rate

4112 Summitview Ave
Yakima, WA 98908


HIGHLIGHTS

  • GLOBALLY ELITE BERKSHIRE HATHAWAY BRAND
  • STRONG 20-YEAR HISTORICAL OCCUPANCY
  • BRAND NEW 10-YEAR PASSIVE LEASE
  • BUILT-IN 2.5% ANNUAL RENTAL INCREASES
  • EXTREMELY PASSIVE NNN STRUCTURE
  • HIGH-VOLUME VISIBILITY & FRONTAGE

OVERVIEW

Northmarq is pleased to present the exclusive listing for 4112 Summitview Ave, a single-tenant office building in Yakima, WA. Fully occupied by Berkshire Hathaway Home Services, the tenant has operated successfully at this specific location for over 20 years. The investment is anchored by a brand-new 10-year NNN lease, offering long-term stability and exceptional visibility along the city’s primary professional corridor. The lease structure features 2.5% annual rental increases, providing a consistent hedge against inflation and steady yield growth. With zero landlord management responsibilities and over $100,000 in recent tenant improvements, this asset is an ideal “hands-off” acquisition for 1031 exchange buyers and private capital. Additionally, investors benefit from Washington’s status as a state with no personal income tax.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berkshire Hathaway Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

SCC

APN/PARCEL ID

181322-31040

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

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