504-510 W Chestnut Ave - Office FOR SALE
Yakima, WA 98902 |
504-510 W Chestnut Ave
Yakima, WA 98902
HIGHLIGHTS
- The building serves both professional and retail businesses with a good local and regional tenant mix.
- Leases have been converted to or signed on triple-net terms (landlord responsible for structural repairs and roof, HVAC and parking lot replacement).
- Average base rent of leases in place are slightly below market at approximately $9/SF/year, NNN.
- In the event the lone vacancy has not been leased by closing, seller will lease that space back for 6 months.
- Most HVAC units have been replaced between 2022 - 2024.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Gabbard Building
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
12599
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.49 AC AC
LAND SF
21,344 SF
ZONING
-
APN/PARCEL ID
181324-42504
