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Ambitions | Kennewick, WA 402 N Neel St 4,022 SF Office Building Kennewick, WA 99336 $1,723,125 CAD ($428.42 CAD/SF) 6.41% Cap Rate

Office Spaces Washington Kennewick 402 N Neel St, Kennewick, WA 99336

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EXECUTIVE SUMMARY

-Single-tenant building | Triple-net (NNN) lease
-8+ years remaining on the lease term
-2% annual rental increases
-Passive lease structure
-Located in the fastest growing metro area in Washington state

ATTACHMENTS

OM - Ambitions - 402 N Neel St Kennewick WA MM

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
4,022 SF
Building Class
B
Year Built
2000
Price
$1,723,125 CAD
Price Per SF
$428.42 CAD
Cap Rate
6.41%
NOI
$110,388 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,022 SF
Building FAR
0.21
Lot Size
0.45 AC
Zoning
Commercial, Community
Parking
20 Spaces (4.97 Spaces per 1,000 SF Leased)

LINKS

1 1
Walk Score®
Very Walkable (75)
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PROPERTY TAXES

Parcel Number 134994080000023 Improvements Assessment $769,146 CAD
Land Assessment $106,248 CAD Total Assessment $875,394 CAD

PROPERTY TAXES

Parcel Number
134994080000023
Land Assessment
$106,248 CAD
Improvements Assessment
$769,146 CAD
Total Assessment
$875,394 CAD
(509) 570-7447

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38227930

  • Date on Market: 2025-10-27

  • Last Updated:

  • Address: 402 N Neel St, Kennewick, WA 99336

The Office Property at 402 N Neel St, Kennewick, WA 99336 is currently available for Sale. Contact Marcus & Millichap for more information.

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402 N Neel St, Kennewick, WA for sale Building Photo- Image 1 of 5
402 N Neel St (a)
402 N Neel St, Kennewick, WA for sale Primary Photo- Image 2 of 5
Primary Photo
402 N Neel St, Kennewick, WA for sale Building Photo- Image 3 of 5
402 N Neel St (b)
402 N Neel St, Kennewick, WA for sale Building Photo- Image 4 of 5
402 N Neel St (c)
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Ambitions | Kennewick, WA | 402 N Neel St
(509) 570-7447 x

Ambitions | Kennewick, WA | 402 N Neel St

Maxwell McDonald
(509) 570-7447

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