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Union Pacific Building 104 W Yakima Ave 3,241 SF of Retail Space Available in Yakima, WA 98902
HIGHLIGHTS
- Prominent location at the controlled corner intersection of W Yakima Ave and S 1st Ave and within the historic and highly recognizable UP Building.
- In excess of 20,000 vehicles per day passing by.
- Adjacent storage and office space of up to 2,820 divisible square feet is also available at $9.30/SF, semi-gross.
- Combination of dedicated parking and street parking available.
- Advertised rate is semi-gross, which might translate closer to approximately $11/SF in converted to triple-net.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,241 SF | Negotiable | $13.50 /SF/YR $1.13 /SF/MO $43,754 /YR $3,646 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,241 SF | Gross Leasable Area | 14,750 SF |
| Property Type | Retail | Year Built | 1927 |
| Total Space Available | 3,241 SF |
| Property Type | Retail |
| Gross Leasable Area | 14,750 SF |
| Year Built | 1927 |
ABOUT THE PROPERTY
THIS OFFERING is for the opportunity to lease a highly visible retail space in the historic Union Pacific Building at an affordable below market rate. Located in the heart of downtown at a controlled corner intersection with prominent Yakima Ave frontage, this space has historically been occupied by Inland Lighting and is configured with a large open retail area, some storage areas and a restroom. Up to an additional 2,820 divisible square feet of immediately adjacent office and storage areas can be included. Landlord is willing to entertain and fund tenant improvements upon terms to be negotiated. Advertised rate is semi-gross with tenant responsible for utilities and interior maintenance and landlord responsible for all other operating expenses.
NEARBY MAJOR RETAILERS
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Union Pacific Building | 104 W Yakima Ave
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