$225,000

220 W 1st Ave

Toppenish WA, 98948

Description

THIS OFFERING is for the opportunity to purchase a fully leased single tenant medical office building where any potential downside is covered by a combination of the significantly below market rent being paid, the length of remaining current lease term (and overall duration of the current tenancy), a below market asking price and an atypically high capitalization rate, therefore providing for a stable, safe investment offering with considerable upside. Historically occupied by Cascade Summit Physical Therapy since late 2007 who the building was originally remodeled for and who has a thriving practice in this location, the tenant recently renewed their term for 5 addition years and more recently expanded their footprint to comprise of the entire building. The lease is corporately

Details

MLS#20-2372
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusContingent
Year1935
Days On Site43

Features

SQ Feet5,192
ZoningB2 - Local Business
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Area Information
StateWA
CityToppenish
Zip Code98948
Area13K - Toppenish
Listing VS Median (in 98948)
Price:
$225,000
low | high
Med:
$309,500
12.444444444444% of Average
SqFt:
5,192
low | high
Med:
1,267
100% of Average
$ / SqFt:
$43
low | high
Med:
$252
100% of Average
On Site:
43
low | high
Med:
47
91.489361702128% of Average
Listing Updated: November 30, 2020 8:03:06 PM PST
Bill Almon, Jr LogoMLS Number: 20-2372
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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