Description
THIS OFFERING is for the opportunity to purchase or lease an affordable pair of freestanding office buildings in west Yakima. Located at the NW corner of 38th Ave and W Nob Hill Blvd, this property sits just two blocks east of both the desirable 40th Avenue professional corridor and one of the busiest intersections in all of Yakima. The larger building totaling 5,063SF is also available to lease for $11/SF, NNN. It was constructed for a real estate brokerage in approximately 1972 and fronts Nob Hill Blvd.The smaller building totaling 2,040SF is leased to a massage therapist through June 30, 2025 at $8.50/SF, NNN, with 2% annual escalations, thereby providing $17,340/year of base rent plus recapture of 28.72% of operating expenses attributed to the property. It was constructed iapproximately 1988 and sits towards the back of the property. Both buildings have been occupied by Virginia Mason Memorial Hospital as administrative support offices for the past 20+/- years.
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0BEDS
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0.63ACRES
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0BATHS
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01/2 BATHS
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7,103SQFT
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$107$/SQFT
School Ratings & Info
Description
THIS OFFERING is for the opportunity to purchase or lease an affordable pair of freestanding office buildings in west Yakima. Located at the NW corner of 38th Ave and W Nob Hill Blvd, this property sits just two blocks east of both the desirable 40th Avenue professional corridor and one of the busiest intersections in all of Yakima. The larger building totaling 5,063SF is also available to lease for $11/SF, NNN. It was constructed for a real estate brokerage in approximately 1972 and fronts Nob Hill Blvd.The smaller building totaling 2,040SF is leased to a massage therapist through June 30, 2025 at $8.50/SF, NNN, with 2% annual escalations, thereby providing $17,340/year of base rent plus recapture of 28.72% of operating expenses attributed to the property. It was constructed iapproximately 1988 and sits towards the back of the property. Both buildings have been occupied by Virginia Mason Memorial Hospital as administrative support offices for the past 20+/- years.
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