1200 Chesterley Dr,
Yakima WA, 98902
Description
THIS OFFERING is for the opportunity to acquire a well-positioned multi-tenant office building with a strong track record, good location and diversified tenant mix. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunities both from simple 'paper' value-add concepts and functional/aesthetic updating opportunities. Offered at an 8 cap, the net operating income calculations include conservative projections such as the currently vacant spaces leased at below market rents (with the owner offering to lease back any vacancies up to 1-year following closing), a 10% vacancy factor, 2% capital replacement reserve and certain operating expenses adjusted upwards to account for market normalcies as
Details
| MLS# | 20-1648 |
|---|---|
| Listing Type | For Sale |
| Style | IQWeb_Office Bldg |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1999 |
| Days On Site | 208 |
Features
| SQ Feet | 34,824 |
|---|---|
| Zoning | C - Commercial |
Market Activity 98902
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Learn More About This Property
| Area Information | |
|---|---|
| State | WA |
| City | Yakima |
| Zip Code | 98902 |
| Area | 2B - Btwn N 16th/40th |
| Listing VS Median (in 98902) | |
Price: $4,562,825 low | high Med: $247,500 SqFt: 34,824 low | high Med: 1,949 $ / SqFt: $131 low | high Med: $128 On Site: 208 low | high Med: 31.5 | |
MLS Number: 20-1648Listing Provided By:
Bill Almon, Jr of Almon Commercial-Residential Real Estate