1200 Chesterley Dr

Yakima, WA 98902

About this property

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

Date Added
August 3, 2020
Listing Status
Active
Days On Site
121
MLS#
20-1648

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
IQWeb_Office Bldg
Sub-Type
Resale
Year
1999
Garage
0
Pool
No
Story(s)
0
Property View
No
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$4,562,825 Active
0 Beds
0
Baths
34,824 SQFT

Presented By Coldwell Banker Associated Realtors

Coldwell Banker Associated Realtors

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Brokerage
Coldwell Banker Associated Realtors
(509) 248-5050
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Area Information

2B - Btwn N 16th/40th | County |

$ 4,562,825
This listing is play_arrow 1883.8% higher than the average in the area
$ 230,000 in the area
34,824 SqFt
This listing is play_arrow 1843.3% larger than the average in the area
1,792 SqFt in the area
$ 131 $/SqFt
This listing is play_arrow 2.1% more than the average in the area
$ 128 $/SqFt in the area
121 days on site
This listing is play_arrow 476.2% above the average in the area
21 days on site in the area

Schools in the Area

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    Elementary School
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