For Sale $2,950,000
Property Type Office - General Office
Property Size 34,473 SF
Lot Size 1.1 Acre
Building Class B
Date Updated Mar 8, 2024

THIS OFFERING presents an opportunity to acquire a “value add” well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. Remodeled just prior to COVID, this building has a current vacancy of approximately 50% and below market rents leaving it primed for a value-add opportunity. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $89/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors.THIS OFFERING presents an opportunity to acquire a “value add” well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. Remodeled just prior to COVID, this building has a current vacancy of approximately 50% and below market rents leaving it primed for a value-add opportunity. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $89/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $93/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors.

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Highlights

Rare opportunity to acquire an investment grade office building at a discounted value. By example, the asking price translates to $89/SF, which is arguably below market if the building sold empty to a user.
Class B building in a Class A location, providing an excellent option for tenants who want to be in the core of downtown Yakima.
Separate adjoining parcel included with additional 21 parking stalls (58 total parking stalls)
Recently updated entry and common areas throughout the building
Situated within walking distance of Yakima’s most sought after amenities, such as Cowiche Canyon Kitchen and Ice House Bar, Easy Tiger Restaurant, Second Street Restaurant, Essencia Bakery, The Capital Theater, Hilton Garden Inn, Banking, the Post Office and many more.
Additional financial information available upon request.