Listing #20-1648

1200 Chesterley Dr
Yakima, WA

  • Built: 1999
  • Square Feet: 34,824
  • Lot Size: 2.10

THIS OFFERING is for the opportunity to acquire a well-positioned multi-tenant office building with a strong track record, good location and diversified tenant mix. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunities both from simple 'paper' value-add concepts and functional/aesthetic updating opportunities. Offered at an 8 cap, the net operating income calculations include conservative projections such as the currently vacant spaces leased at below market rents (with the owner offering to lease back any vacancies up to 1-year following closing), a 10% vacancy factor, 2% capital replacement reserve and certain operating expenses adjusted upwards to account for market normalcies as

Listing courtesy of Almon Commercial-Residential Real Estate

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