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1611 Kresky Ave 9,824 SF 100% Leased Office Building Centralia, WA 98531 $1,850,000 ($188.31/SF) 6.03% Cap Rate
EXECUTIVE SUMMARY
One level professional center located on main corridor for great visibility. Well maintained and attractive. 4 units leased to health care businesses. Most long time tenants. Leases are modified net with operating expenses billed back to each. Landlord maintains the landscape. Very ample parking and room for expansion pad. Pride of ownership shows both by tenants and owner. Growing area with increased traffic count. Original owner looking to retire. Seller will provide the financing. Great investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
9,824 SF
Building Class
B
Year Built
1980
Price
$1,850,000
Price Per SF
$188.31
Cap Rate
6.03%
NOI
$111,620
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,824 SF
Building FAR
0.20
Lot Size
1.12 AC
Zoning
City
Parking
60 Spaces (6.11 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 003417-048-100 | Improvements Assessment | $1,652,100 (2024) |
| Land Assessment | $294,000 (2024) | Total Assessment | $1,946,100 (2024) |
PROPERTY TAXES
Parcel Number
003417-048-100
Land Assessment
$294,000 (2024)
Improvements Assessment
$1,652,100 (2024)
Total Assessment
$1,946,100 (2024)
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1611 Kresky Ave
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