$3,040,000

1236 Ahtanum Ridge Dr

Union Gap WA, 98903

Description

THIS OFFERING is for the opportunity to acquire a two-tenant net leased investment anchored by DaVita, who the building was originally constructed for in 2004 on a build-to-suit basis (and expanded onto in 2017, at which time the DaVita lease was extended for 10 years).DaVita occupies 65% of the building and is paying below market rent. Their lease provides for annual CPI escalations not to exceed 3% and provides for the ability to pass through operating expenses of a capital nature. Additionally, they're committed to this location given that Washington state is a Certificate of Need state and the dialysis stations are tied to this specific property, which in turn shifts considerable leverage to the landlord. The balance of the building is finished as traditional office space,

Details

MLS#19-715
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2004
Days On Site168

Features

SQ Feet11,528
Story(s)0
ZoningC - Commercial

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Area Information

StateWA
CityUnion Gap
Zip Code98903
Area12 - Union Gap
Listing VS Median (in 98903)
Price:
$3,040,000
low | high
Med:
$239,950
100% of Average
SqFt:
11,528
low | high
Med:
1,286
100% of Average
$ / SqFt:
$264
low | high
Med:
$202
73.573727217689% of Average
On Site:
168
low | high
Med:
38.5
100% of Average
Listing Updated: 09/19/2019
MLS Number: 19-715
Listing Provided By:
Bill Almon, Jr  of  Almon Commercial-Residential Real Estate
RETS