5110 Tieton DrYakima, WA 98908

For Sale
$4,200,000

Prime Yakima location, high NOI, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Yakima, WA, presents a compelling investment opportunity. The 72,218 square foot building, constructed in 1945 and renovated in 1999, sits on a 2.39-acre lot and features 56,337 square feet of net rentable space. Currently boasting 72% occupancy, the property generates a NOI of $279,909, with a pro-forma NOI of $295,000, resulting in a 6.70% cap rate and a pro-forma cap rate of 7.02%. The asking price is $4,200,000, translating to $58.16 per square foot. The three-story building, zoned SCC, houses a mix of established retail and office tenants, including popular restaurants and a craft beer establishment. Additional leasable space exists, offering potential for increased revenue and cap rate. Unique features include rustic beams, hardwood floors, and ample parking (213 spaces). The property benefits from its strategic location across from a major Catholic church in West Valley, Yakima's highest income per household zip code, within a densely populated area. Seller financing is available to qualified buyers. A pre-qualification letter or proof of funds, along with a non-disclosure agreement, are required for access to confidential information. This property offers a blend of established income and significant upside potential.

Highlights

  • $4,200,000 asking price for a mixed-use property in Yakima, WA.
  • 72,218 total square feet, 56,337 net rentable square feet, with a price per square foot of $58.16.
  • 6.70% cap rate, 7.02% pro-forma cap rate, and 72% occupancy.
  • $279,909 current NOI, $295,000 pro-forma NOI.
  • Three-story, 72,218 SF building on a 2.39-acre lot, built in 1945 and renovated in 1999.
  • Located at 5110 W Tieton Dr, Yakima, WA 98908, with 213 parking spaces.

Property Details for 5110 Tieton Dr

Property type
Other retail properties, Other office properties
Square Feet
72,218 SF
Year Built/Renovated
1945/1999
Buildings
1
Stories
3
Lot Size (sq. ft)
104,108 SF

Location Insight

City
Yakima
County
Yakima
State
Washington
Latitude
46.59224
Longitude
-120.5780482
5110 Tieton Dr, Yakima, Washington

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5110 Tieton Dr
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