Listing #20-2372

220 W 1st Ave
Toppenish, WA

  • Built: 1935
  • Square Feet: 5,192
  • Lot Size: 0.16
  • Status: Contingent

THIS OFFERING is for the opportunity to purchase a fully leased single tenant medical office building where any potential downside is covered by a combination of the significantly below market rent being paid, the length of remaining current lease term (and overall duration of the current tenancy), a below market asking price and an atypically high capitalization rate, therefore providing for a stable, safe investment offering with considerable upside. Historically occupied by Cascade Summit Physical Therapy since late 2007 who the building was originally remodeled for and who has a thriving practice in this location, the tenant recently renewed their term for 5 addition years and more recently expanded their footprint to comprise of the entire building. The lease is corporately

Listing courtesy of Almon Commercial-Residential Real Estate

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