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- LoopNet Team
201 NE 73rd St
Vancouver, WA 98665
Kimberly Center STNL NNN Office Property · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Security System
- Signage
- Air Conditioning
ABOUT 201 NE 73RD ST , VANCOUVER, WA 98665
The Offering is a highly sought after single-tenant NNN investment in a competitive market. The tenant, the Area Aging on Aging and Disabilities, is a tremendously successful public/private partnership that provides a wide range of services to the elderly and their caregivers, saving the Medicare/Medicaid program tens of millions of dollars annually. They have occupied the building since its original construction in 2006, and recently signed a new 10-year lease with expansion into 100% of the premises. Recent and in-progress capital improvements in 2019 include a new roof, new landscaping, new interior paint, resurfaced parking lot, and significant capital contribution by the tenant for TI's. The new lease has below market rent and 2.75% annual increases, significantly increasing average return over the length of the remaining term.
PROPERTY TAXES
| Parcel Number | 148009-000 | Improvements Assessment | $3,932,900 |
| Land Assessment | $497,600 | Total Assessment | $4,430,500 |
PROPERTY TAXES
