811 W Yakima Ave, Yakima, WA 98902

Property Description

THIS OFFERING is for the opportunity to purchase a fully occupied net leased multi-tenant investment property consisting of a pair of retail/office suites on the main level and a pair of office/medical suites on the lower level. This highly recognizable building is located on downtown Yakima's primary commercial arterial with access from two arterials and visibility from three. It's anchored by The Haberdasher, an established high-end men's clothing boutique that's been in the building since 2001 and recently extended their lease to have more than 10 years remaining. Leases are signed at or below market with an average rental rate of approximately $10.82/SF, NNN, which results in a below market sale price at only approximately $129/SF that in turn provides for future upside and immediate downside protection, making this a safe, attractive investment offering.