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Ambitions | Kennewick, WA 402 N Neel St 4,022 SF Office Building Kennewick, WA 99336 $1,250,000 ($310.79/SF) 6.41% Cap Rate
EXECUTIVE SUMMARY
-Single-tenant building | Triple-net (NNN) lease
-8+ years remaining on the lease term
-2% annual rental increases
-Passive lease structure
-Located in the fastest growing metro area in Washington state
-8+ years remaining on the lease term
-2% annual rental increases
-Passive lease structure
-Located in the fastest growing metro area in Washington state
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
4,022 SF
Building Class
B
Year Built
2000
Price
$1,250,000
Price Per SF
$310.79
Cap Rate
6.41%
NOI
$80,078
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,022 SF
Building FAR
0.21
Lot Size
0.45 AC
Zoning
Commercial, Community
Parking
20 Spaces (4.97 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 134994080000023 | Improvements Assessment | $553,940 |
| Land Assessment | $76,520 | Total Assessment | $630,460 |
PROPERTY TAXES
Parcel Number
134994080000023
Land Assessment
$76,520
Improvements Assessment
$553,940
Total Assessment
$630,460
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Ambitions | Kennewick, WA | 402 N Neel St
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