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801 N 39th Ave 9,100 SF Office Building Yakima, WA 98902 $2,500,000 ($274.73/SF) 6.80% Cap Rate
Investment Highlights
- Fully Leased NNN
- 6.8 Cap rate
Executive Summary
Prime investment opportunity at 801 N. 39th Avenue in Yakima, Washington. Offered at $2,500,000, this well-maintained 9,100 SF office building features 7,200 SF on the main level plus approximately 1,900 SF of basement/lower-level space. The main level includes a welcoming walk-in reception area, 18 private offices, a spacious conference room, and a large storage/supply/copy room. Fully leased to a financial institution through February 2029, the property benefits from automatic 3% annual rent increases. Current annual net operating income is approximately $169,927.79 with a 6.79% cap rate. CAM estimates are $5.55/SF.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
9,100 SF
Building Class
A
Year Built/Renovated
1999/2022
Price
$2,500,000
Price Per SF
$274.73
Cap Rate
6.80%
NOI
$169,927
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,100 SF
Building FAR
0.24
Lot Size
0.88 AC
Zoning
B1
Parking
45 Spaces (4.95 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 181315-42411 | Improvements Assessment | $1,558,300 |
| Land Assessment | $537,850 | Total Assessment | $2,096,150 |
Property Taxes
Parcel Number
181315-42411
Land Assessment
$537,850
Improvements Assessment
$1,558,300
Total Assessment
$2,096,150
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801 N 39th Ave
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