$4,562,825

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 TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1999
Days On Site121

Features

SQ Feet34,824
ZoningC - Commercial

Market Activity 98902

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Area Information
StateWA
CityYakima
Zip Code98902
Area2B - Btwn N 16th/40th
Listing VS Median (in 98902)
Price:
$4,562,825
low | high
Med:
$230,000
100% of Average
SqFt:
34,824
low | high
Med:
1,792
100% of Average
$ / SqFt:
$131
low | high
Med:
$128
52.043181268497% of Average
On Site:
121
low | high
Med:
21
100% of Average
Listing Updated: December 2, 2020 8:03:35 PM PST
Bill Almon, Jr LogoMLS Number: 20-1648
Listing Provided By:
Bill Almon, Jr  of  Almon Commercial-Residential Real Estate
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Yakima Association of REALTORS®.
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