6627 Burden Blvd - Retail FOR SALE


Pasco, WA 99301
$8,917,516 USD
213-434-1320
6627 Burden Blvd, Pasco, WA for Sale
$8,917,516 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

6627 Burden Blvd
Pasco, WA 99301


OVERVIEW

MOTIVATED SELLER. MAKE AN OFFER. Two retail property assemblage, totaling 20,217 RSF, located on Burden Blvd, right next to Rd 68 in Pasco, WA. First property address is 6605 Burden Blvd (built 2011), the second property address is 6627 Burden Blvd (built 2017). The two buildings are located on separate parcels, adjacent to one another. Both properties are being sold as one, portfolio transaction. Both are at 100% occupancy with strong cash flow, all NNN leases, annual rent bumps, and excellent street frontage with oversized parking including back parking for employees. Property has been well managed and maintained (no deferred maintenance) by a professional property management team. Combined NOI for both buildings is $535,051. Pricing guidance is at 6% CAP. Broker Co-Op offered is 1.25%. Please email listing broker for additional information. Full OM provided upon execution of an NDA.

FOR SALE DETAILS

PRICE

$8,917,516 USD

PRICE/SF

$929 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

116-271-016

ASK ABOUT THIS PROPERTY

Peter AhnKaleb Real Estate GroupMore Info
213-434-1320

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Peter AhnKaleb Real Estate GroupMore Info
213-434-1320

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