220 W 1st Ave
THIS OFFERING is for the opportunity to purchase an affordable medical office building on Toppenish's main commercial arterial mostly leased to a regional physical therapist at considerably below market rent. The building is currently divided into two suites, one being approximately 3,500SF which is leased to Cascade Summit Physical Therapy who just renewed their term for a 5-year period and who's occupied the space since late 2007, and the other being an approximately 1,692SF back-office space that might also be leased as a residential apartment. Advertised net operating income and cap rate includes consideration of the existing tenancy and an aggressive below market rent projected for the vacant suite.
Listing courtesy of Almon Commercial-Residential Real Estate