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Berkshire Hathaway Building 4112 Summitview Ave 13,509 SF Office Building Yakima, WA 98908 $3,750,632 CAD ($277.64 CAD/SF) 6.75% Cap Rate
Investment Highlights
- GLOBALLY ELITE BERKSHIRE HATHAWAY BRAND
- BRAND NEW 10-YEAR PASSIVE LEASE
- EXTREMELY PASSIVE NNN STRUCTURE
- STRONG 20-YEAR HISTORICAL OCCUPANCY
- BUILT-IN 2.5% ANNUAL RENTAL INCREASES
- HIGH-VOLUME VISIBILITY & FRONTAGE
Executive Summary
Northmarq is pleased to present the exclusive listing for 4112 Summitview Ave, a single-tenant office building in Yakima, WA. Fully occupied by Berkshire Hathaway Home Services, the tenant has operated successfully at this specific location for over 20 years. The investment is anchored by a brand-new 10-year NNN lease, offering long-term stability and exceptional visibility along the city’s primary professional corridor.
The lease structure features 2.5% annual rental increases, providing a consistent hedge against inflation and steady yield growth. With zero landlord management responsibilities and over $100,000 in recent tenant improvements, this asset is an ideal “hands-off” acquisition for 1031 exchange buyers and private capital. Additionally, investors benefit from Washington’s status as a state with no personal income tax.
The lease structure features 2.5% annual rental increases, providing a consistent hedge against inflation and steady yield growth. With zero landlord management responsibilities and over $100,000 in recent tenant improvements, this asset is an ideal “hands-off” acquisition for 1031 exchange buyers and private capital. Additionally, investors benefit from Washington’s status as a state with no personal income tax.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
13,509 SF
Building Class
B
Year Built
1985
Price
$3,750,632 CAD
Price Per SF
$277.64 CAD
Cap Rate
6.75%
NOI
$253,168 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,509 SF
Building FAR
0.61
Lot Size
0.51 AC
Zoning
SCC
Parking
40 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 181322-31040 | Improvements Assessment | $2,764,751 CAD |
| Land Assessment | $265,676 CAD | Total Assessment | $3,030,427 CAD |
Property Taxes
Parcel Number
181322-31040
Land Assessment
$265,676 CAD
Improvements Assessment
$2,764,751 CAD
Total Assessment
$3,030,427 CAD
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Berkshire Hathaway Building | 4112 Summitview Ave
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