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6627 Burden Blvd 20,217 SF 100% Leased Retail Building Pasco, WA 99301 $8,600,000 ($425.38/SF) 6.22% Cap Rate
EXECUTIVE SUMMARY
PRICE REDUCED TO $8,600,000. MOTIVATED SELLER.
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.
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
Sale Type
Investment
Property Type
Retail
Building Size
20,217 SF
Building Class
C
Year Built
2011
Price
$8,600,000
Price Per SF
$425.38
Cap Rate
6.22%
NOI
$535,051
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
1.09 AC
Frontage
188’ on Burden Blvd
Bike Score®
Very Bikeable (71)
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
Parcel Number
116-271-016
Land Assessment
$570,400
Improvements Assessment
$2,002,700
Total Assessment
$2,573,100
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6627 Burden Blvd
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