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6627 Burden Blvd 20,217 SF 93% Leased Retail Building Pasco, WA 99301 $8,600,000 ($425.38/SF) 6.22% Cap Rate
Executive Summary
Two retail property assemblage, totaling 20,217 RSF, located on Burden Blvd, right next to Rd 68 in Pasco, WA.
First property address is 6605 Burden Blvd (built 2011), the second property address is 6627 Burden Blvd (built 2017). The two buildings are located on separate parcels, adjacent to one another. Both properties are being sold as one, portfolio transaction.
Both are at 100% occupancy with strong cash flow, all NNN leases, annual rent bumps, and excellent street frontage with oversized parking including back parking for employees. Property has been well managed and maintained (no deferred maintenance) by a professional property management team.
Combined NOI for both buildings is $535,051.
Please email listing broker for additional information.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,320 rentable sq ft, next to Wingstop. Direct street frontage on Burden Blvd. with prime visibility. Large oversized parking lot with employee parking in rear of building. Asking rent is $28 psf, 2.5% annual increases, with 5 year term. Security deposit subject to credit and financial background. Call broker for more details.
| Space | Size | Space Use | Position | Available |
| E | 1,320 SF | Retail | - | Now |
E
| Size |
| 1,320 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
E
| Size | 1,320 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1,320 rentable sq ft, next to Wingstop. Direct street frontage on Burden Blvd. with prime visibility. Large oversized parking lot with employee parking in rear of building. Asking rent is $28 psf, 2.5% annual increases, with 5 year term. Security deposit subject to credit and financial background. Call broker for more details.
Nearby Major Retailers
Property Taxes
| Parcel Number | 116-271-016 | Improvements Assessment | $2,002,700 |
| Land Assessment | $570,400 | Total Assessment | $2,573,100 |
Property Taxes
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6627 Burden Blvd
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