17 N 3rd St , #103

    Yakima, WA 98901
    • $1,596,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 19-456
    $1,596,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,657
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008

    School Ratings & Info

    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.

    Monthly Payment Calculator

    © 2019 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Moultray Real Estate Services, LLC.. Data last updated: 2019-04-19T23:48:37.9.
    www.heritagemoultray.com/homes/92462678

    17 N 3rd St , #103 Yakima, WA 98901

    • Price: $1,596,000
    • Status: Active
    • MLS #: 19-456
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,657
    SQFT
    $282
    $/SQFT
    2008
    Built
    Neighborhood:
    1A - Ne Yakima
    Area:
    1A - Ne Yakima
    Property 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.
    Exterior Features

    Construction Concrete Tilt-UpFrame Crops None Foundation Concrete Irrigation No Lot Depth Feet 100.00 Lot Features Cc & RCorner Lot Front Feet 71.00 Lot Size 0 - .25 Acres Roof Built-Up Siding Stucco

    Interior Features

    Air Conditioning Central Air Floor Coverings CarpetsTile Heating Forced AirGas

    Property Features

    Commercial Type Commercial Property List Price Description Total List Price Main Use Office Sewage System Connected Sq Ft Source County Assessor Tax Designation None Tax Year 2018 Taxes 6656.56 Terms CashCommercialConventional Water Public Water Zoning Cbd - Cent Bus Dist

    Listing provided courtesy of Matt Kloster of Almon Commercial-Residential Real Estate.
    © 2019 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Moultray Real Estate Services, LLC.. Data last updated: 2019-04-19T23:48:37.9.
     
    Heritage Moultray Real Estate Services, LLC.
    5625 Summitview Ave
    Yakima WA, 98908