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6825 Burden Blvd - Burden Medical Center 6,993 SF Medical Condo Unit Offered at $2,700,000 in Pasco, WA 99301
EXECUTIVE SUMMARY
Located in the thriving West Pasco, this 6,993 SF commercial property is a prime investment opportunity. Fully leased to along-standing tenant at $16,500 per month NNN lease, the property offers stable income with an attractive 7.2% cap rate. The property's design provides future flexibility, allowing for division into smaller suites for multi-tenant occupancy if needed. As a condo, it benefits from shared costs for exterior capital improvements, reducing owner responsibility. West Pasco's ongoing growth and the property's strategic location make this an excellent addition to any portfolio, this asset combines immediate returns with long-term potential.
PROPERTY FACTS
| Total Building Size | 19,713 SF | Typical Floor Size | 9,311 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 2.23 AC |
| Building Class | B | Parking Ratio | 6.98/1,000 SF |
| Floors | 1 | ||
| Zoning | C1 - Retail Business - Commercial General - allowing for commercial, office, or professional medical/dental use. | ||
| Total Building Size | 19,713 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 9,311 SF |
| Year Built | 2006 |
| Lot Size | 2.23 AC |
| Parking Ratio | 6.98/1,000 SF |
| Zoning | C1 - Retail Business - Commercial General - allowing for commercial, office, or professional medical/dental use. |
1 UNIT AVAILABLE
Unit D
| Unit Size | 6,993 SF | Sale Type | Investment |
| Price | $2,700,000 | Cap Rate | 6.57% |
| Price Per SF | $386.10 | NOI | $177,390 |
| Condo Use | Medical |
| Unit Size | 6,993 SF |
| Price | $2,700,000 |
| Price Per SF | $386.10 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| NOI | $177,390 |
DESCRIPTION
Located in the thriving West Pasco, this 6,993 SF commercial property is a prime investment opportunity. Fully leased to along-standing tenant at $16,500 per month NNN lease, the property offers stable income with an attractive 6.57% cap rate. The property's design provides future flexibility, allowing for division into smaller suites for multi-tenant occupancy if needed. As a condo, it benefits from shared costs for exterior capital improvements, reducing owner responsibility. West Pasco's ongoing growth and the property's strategic location make this an excellent addition to any portfolio, this asset combines immediate returns with long-term potential.
SALE NOTES
Please provide a minimum of 48 hours notice for showings. Tours are available after 6 PM only. Contact listing agent for additional details.
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6825 Burden Blvd - Burden Medical Center
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