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2201 E Edison Rd 10,000 SF 66% Leased Office Building Sunnyside, WA 98944 $1,023,180 CAD ($102.32 CAD/SF)
Executive Summary
Commercial Investment Opportunity with a great value-add proposition!
Presenting a well-maintained 10,000 square foot office building with four distinct spaces, ideal for an investor seeking a blend of stable tenancy and significant upside potential.
The property boasts excellent occupancy and a diversified income stream:
5,000 SF is currently leased to Astria Hospital on a month-to-month lease. Currently built out for dental.
2,500 SF is secured by the Washington State Department of Corrections who has been at this location for over 10 years and the current owner is negotiation a 5-year lease extension.
The remaining 2,500 SF is vacant, offering an immediate value-add opportunity for a new owner to lease up and significantly increase the property's Net Operating Income (NOI).
Situated on a large, "L" shaped lot, the site offers over 25 dedicated parking spaces and holds potential for future development or expansion. The location is unparalleled, positioned right in the heart of Sunnyside and immediately adjacent to McDonald's and numerous other retailers, ensuring high visibility and consistent traffic flow.
Presenting a well-maintained 10,000 square foot office building with four distinct spaces, ideal for an investor seeking a blend of stable tenancy and significant upside potential.
The property boasts excellent occupancy and a diversified income stream:
5,000 SF is currently leased to Astria Hospital on a month-to-month lease. Currently built out for dental.
2,500 SF is secured by the Washington State Department of Corrections who has been at this location for over 10 years and the current owner is negotiation a 5-year lease extension.
The remaining 2,500 SF is vacant, offering an immediate value-add opportunity for a new owner to lease up and significantly increase the property's Net Operating Income (NOI).
Situated on a large, "L" shaped lot, the site offers over 25 dedicated parking spaces and holds potential for future development or expansion. The location is unparalleled, positioned right in the heart of Sunnyside and immediately adjacent to McDonald's and numerous other retailers, ensuring high visibility and consistent traffic flow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,000 SF
Building Class
C
Year Built
1978
Price
$1,023,180 CAD
Price Per SF
$102.32 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.23
Lot Size
0.98 AC
Zoning
General Commercial
Parking
25 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 231030-31018 | Improvements Assessment | $467,661 CAD |
| Land Assessment | $235,945 CAD | Total Assessment | $703,607 CAD |
Property Taxes
Parcel Number
231030-31018
Land Assessment
$235,945 CAD
Improvements Assessment
$467,661 CAD
Total Assessment
$703,607 CAD
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2201 E Edison Rd
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