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27 N Morain St 2,506 SF Office Building Kennewick, WA 99336 $450,000 ($179.57/SF) 6.67% Cap Rate
EXECUTIVE SUMMARY
Newly leased single tenant office building. 5 year term beginning November of 2024 with 3% annual increases. Offered at a 6.67% cap rate.
The existing layout includes 4 offices, storage areas, 1 conference room, reception space, washer/dryer hook ups and a large open area with kitchen. The sale also includes fully digital monument signage.
The existing layout includes 4 offices, storage areas, 1 conference room, reception space, washer/dryer hook ups and a large open area with kitchen. The sale also includes fully digital monument signage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
2,506 SF
Building Class
B
Year Built
1950
Price
$450,000
Price Per SF
$179.57
Cap Rate
6.67%
NOI
$30,015
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,506 SF
Building FAR
0.20
Lot Size
0.28 AC
Zoning
CO - Commercial Office
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 103892030000010 | Improvements Assessment | $227,380 |
| Land Assessment | $50,640 | Total Assessment | $278,020 |
PROPERTY TAXES
Parcel Number
103892030000010
Land Assessment
$50,640
Improvements Assessment
$227,380
Total Assessment
$278,020
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27 N Morain St
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