514 E 1st Ave - Industrial FOR SALE


Kennewick, WA 99336
$3,300,000 USD
509-430-8986
514 E 1st Ave, Kennewick, WA for Sale
$3,300,000 USD
Industrial - FOR SALE
1/15
null | 5.39% Cap Rate

514 E 1st Ave
Kennewick, WA 99336


OVERVIEW

Fully lease industrial property For Sale in Kennewick WA. Property consists of 9 spaces with 8 tenants. The building owner has retained a 2,643 square foot space for storage, space could be leased for additional income. Six out of the eight tenants are far below market rent making this an excellent opportunity for a value add scenario. Total building square footage is 39,543 sf, property is 2.06 acres. Close proximity to freeways and other amenities. Current gross income is $212,100 per year, Net income is $178,021.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

5.39%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

7

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

106802090004004

ASK ABOUT THIS PROPERTY

Scott SautellSVN | Retter & CompanyMore Info
509-430-8986

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Scott SautellSVN | Retter & CompanyMore Info
509-430-8986

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