636 N Colorado St | Kennewick, WA 99336
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- LoopNet Team
636 N Colorado St
Kennewick, WA 99336
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Situated at the center of the Tri-Cities Central Business District
- 5-year lease has large annual increases, 8.89% CAP Rate in year 5
- Great opportunity for investors seeking a steady income with relatively low risk located in the thriving business district
- Currently a single-tenant office building with a new 5-year lease, but offers adaptable options for division
- Tenant is responsible for all property operating expenses and associated costs
- 636 Colorado operates as a Triple Net property, ensuring a consistent revenue stream
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
7,900 SF
Building Class
B
Year Built
1993
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,900 SF
Building FAR
0.24
Lot Size
0.76 AC
Zoning
22 - Commercial - General
Parking
43 Spaces (5.58 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Signage
- Kitchen
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 132993000003004 | Improvements Assessment | $1,107,150 |
| Land Assessment | $139,790 | Total Assessment | $1,246,940 |
PROPERTY TAXES
Parcel Number
132993000003004
Land Assessment
$139,790
Improvements Assessment
$1,107,150
Total Assessment
$1,246,940
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