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Bldg 1 1992 Saint St 19,720 SF 100% Leased Flex Building Richland, WA 99354 $4,000,000 ($202.84/SF) 6.22% Cap Rate
EXECUTIVE SUMMARY
PROPERTY IS LEASED TO THE RICHLAND SCHOOL DISTRICT THROUGH MAY
2028. Office/Warehouse property sitting on 1.53 acres. Highway 240 frontage
with two access points on Saint Street. Two 8,200square foot levels of nicely
finished well functioning office space. Space can be demised for multiple users if
desired. Warehouse is 3,720 sf and has a restroom. Building has a 100 panel 30
kW solar system that was installed in 2021.
2028. Office/Warehouse property sitting on 1.53 acres. Highway 240 frontage
with two access points on Saint Street. Two 8,200square foot levels of nicely
finished well functioning office space. Space can be demised for multiple users if
desired. Warehouse is 3,720 sf and has a restroom. Building has a 100 panel 30
kW solar system that was installed in 2021.
FINANCIAL SUMMARY (ACTUAL - 2024) 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,000,000 | Building Class | C |
| Price Per SF | $202.84 | Lot Size | 1.53 AC |
| Sale Type | Investment | Rentable Building Area | 19,720 SF |
| Cap Rate | 6.22% | No. Stories | 2 |
| Property Type | Flex | Year Built | 1993 |
| Zoning | 57 | ||
| Price | $4,000,000 |
| Price Per SF | $202.84 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.53 AC |
| Rentable Building Area | 19,720 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Zoning | 57 |
1 1
PROPERTY TAXES
| Parcel Number | 134081013583001 | Total Assessment | $1,231,500 |
| Land Assessment | $95,560 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,135,940 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
134081013583001
Land Assessment
$95,560
Improvements Assessment
$1,135,940
Total Assessment
$1,231,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Bldg 1 | 1992 Saint St
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