17 N 3rd St #103
Yakima, WA 98901

$1,596,000

Description

12 year NNN Leased Investment Property located in Downtown Yakima. Leased by Radio Yakima, this 5,657sf, 8 radio station/office space rests on the main level of Yakima's premium downtown condominiums. This showpiece of a space is being offered at a 7% cap with a NOI of $111,720 (after factoring 5% for credit loss/vacancy and 2% capital replacement reserves). Current lease expires January 1, 2031. Tenant has 3 options to renew at 5 years with CPI increases at each renewal.

Details

MLS#19-456
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2008
Days On Site17

Features

SQ Feet5,657
Story(s)0
ZoningCBD - Cent Bus Dist

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Area Information

StateWA
CityYakima
Zip Code98901
Area1A - NE Yakima
Listing VS Median (in 98901)
Price:
$1,596,000
low | high
Med:
$102,500
100% of Average
SqFt:
5,657
low | high
Med:
0
100% of Average
$ / SqFt:
$282
low | high
Med:
$0
100% of Average
On Site:
17
low | high
Med:
281.5
6.039076376554% of Average
Listing Updated: 03/23/2019
MLS Number: 19-456
Listing Provided By:
Matt Kloster  of  Almon Commercial-Residential Real Estate
RETS