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1115 W Lincoln Ave
Yakima, WA 98902
Lincoln Square · Office Property For Sale
Investment Highlights
- An emphasis has recently been placed on procuring traditional professional office tenants (rather than retail) and converting leases to triple-net.
- Rare opportunity to purchase an investment grade property where the cap rate does not manipulate the price/SF above market.
- High traffic location on the cusp of downtown.
- 76.6% of the building is leased at fair market rent and triple-net, while 23.4% of the building is leased at below market rent and semi-gross.
- The fair market value of the building if sold vacant is approximately $1.6M and should consistently command rental rates between $11 - $12/SF, NNN.
Property Facts
Property Type
Office
Building Size
12,751 SF
Building Class
C
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,751 SF
Building FAR
0.38
Lot Size
0.77 AC
Zoning
GC
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,209,000 | |
| Land Assessment | $226,800 | Total Assessment | $1,435,800 |
Property Taxes
Parcel Numbers
Land Assessment
$226,800
Improvements Assessment
$1,209,000
Total Assessment
$1,435,800
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