504-510 W Chestnut Ave | Yakima, WA 98902
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- LoopNet Team
504-510 W Chestnut Ave
Yakima, WA 98902
Gabbard Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The building serves both professional and retail businesses with a good local and regional tenant mix.
- Average base rent of leases in place are slightly below market at approximately $9/SF/year, NNN.
- Most HVAC units have been replaced between 2022 - 2024.
- Leases have been converted to or signed on triple-net terms (landlord responsible for structural repairs and roof, HVAC and parking lot replacement).
- In the event the lone vacancy has not been leased by closing, seller will lease that space back for 6 months.
PROPERTY FACTS
Property Type
Office
Building Size
12,599 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,599 SF
Building FAR
0.59
Lot Size
0.49 AC
Zoning
CBD
Parking
10 Spaces (0.79 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- Partitioned Offices
- Reception
- Secure Storage
PROPERTY TAXES
| Parcel Number | 181324-42504 | Improvements Assessment | $766,600 |
| Land Assessment | $229,900 | Total Assessment | $996,500 |
PROPERTY TAXES
Parcel Number
181324-42504
Land Assessment
$229,900
Improvements Assessment
$766,600
Total Assessment
$996,500
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