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Ambitions | Kennewick, WA 402 N Neel St 4,022 SF Office Building Kennewick, WA 99336 $1,729,237 CAD ($429.94 CAD/SF) 6.41% Cap Rate
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
-8+ years remaining on the lease term
-2% annual rental increases
-Passive lease structure
-Located in the fastest growing metro area in Washington state
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
4,022 SF
Building Class
B
Year Built
2000
Price
$1,729,237 CAD
Price Per SF
$429.94 CAD
Cap Rate
6.41%
NOI
$110,779 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)
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 134994080000023 | Improvements Assessment | $773,799 CAD |
| Land Assessment | $106,891 CAD | Total Assessment | $880,690 CAD |
PROPERTY TAXES
Parcel Number
134994080000023
Land Assessment
$106,891 CAD
Improvements Assessment
$773,799 CAD
Total Assessment
$880,690 CAD
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Ambitions | Kennewick, WA | 402 N Neel St
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