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
Contingent
Days On Site
215
MLS#
20-1648

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Office Building
Sub-Type
Resale
Year
1999
Zoning
C - Commercial
Square Feet
34,824
Units
0
Story(s)
0
Schedule a Tour
It's free and no obligation

Schedule a Private Showing

$4,562,825 Contingent
34,824 SQFT

Presented By Coldwell Banker Associated Realtors

Coldwell Banker Associated Realtors

Agent Image
Get in touch today! Phone: (509) 248-5050
Brokerage
Coldwell Banker Associated Realtors
(509) 248-5050

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Coldwell Banker

Real Estate Links Our Domains