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21 N 1st Ave
Yakima, WA 98902
Office Property For Sale
Investment Highlights
- WSDA recently entered into a new 10-year lease despite the state of Washington’s current policy of signing lease terms of no more than 5 years.
- Yakima is the agricultural hub of central Washington and this is a critically important location for WSDA.
- Washington State is rated Aaa by Moody’s and AA+ by both S&P Global and Fitch.
- WSDA has occupied the building since 1998, is heavily invested in the property and is considered an essential governmental agency.
- Lease is below market at $14.36/SF, semi-gross, which is the equivalent of approximately $11.22/SF if it were triple-net.
- Includes approximately 180 parking stalls, 130 of which are located within a first-class secured and gated parking lot.
Property Facts
Property Type
Office
Building Size
56,939 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
28,470 SF
Building FAR
0.54
Lot Size
2.41 AC
Zoning
CBD
Property Taxes
| Parcel Number | 191319-23520 | Improvements Assessment | $5,027,900 |
| Land Assessment | $371,250 | Total Assessment | $5,399,150 |
Property Taxes
Parcel Number
191319-23520
Land Assessment
$371,250
Improvements Assessment
$5,027,900
Total Assessment
$5,399,150
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