$3,040,000

1236 Ahtanum Ridge Dr

Union Gap WA, 98903

Description

THIS OFFERING is for the opportunity to acquire a two-tenant net leased investment anchored by DaVita, who the building was originally constructed for in 2004 on a build-to-suit basis (and expanded onto in 2017, at which time the DaVita lease was extended for 10 years).DaVita occupies 65% of the building and lease provides for annual CPI escalations not to exceed 3% while providing for the ability to pass through operating expenses of a capital nature. Additionally, they're committed to this location given that Washington state is a Certificate of Need state and the dialysis stations are tied to this specific property, which in turn shifts considerable leverage to the landlord. The balance of the building is finished as traditional office space,

Details

MLS#19-715
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2004
Days On Site457

Features

SQ Feet11,528
Story(s)0
ZoningC - Commercial
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Area Information

StateWA
CityUnion Gap
Zip Code98903
Area12 - Union Gap
Listing VS Median (in 98903)
Price:
$3,040,000
low | high
Med:
$208,500
100% of Average
SqFt:
11,528
low | high
Med:
1,566
100% of Average
$ / SqFt:
$264
low | high
Med:
$133
99.442776501439% of Average
On Site:
457
low | high
Med:
30
100% of Average
Listing Updated: 07/04/2020
Bill Almon, Jr LogoMLS Number: 19-715
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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