Description
Sunfair BuildingTHIS OFFERING is for the opportunity to acquire a ''value add'' well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. High vacancy and below market rents leave this property poised for a value-add opportunity. Offered at $93/SF this building is positioned well below market leaving room for capital improvements to help recapture market rent and reduced existing vacancy. The property has historically been operated with and emphasis on maintaining existing cash flow and minimizing management responsibility as opposed to maximizing value, leaving the next owner with a relatively simple road map to accomplish the latter.
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0BEDS
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1.1ACRES
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0BATHS
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01/2 BATHS
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33,313SQFT
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$96$/SQFT
School Ratings & Info
Description
Sunfair BuildingTHIS OFFERING is for the opportunity to acquire a ''value add'' well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. High vacancy and below market rents leave this property poised for a value-add opportunity. Offered at $93/SF this building is positioned well below market leaving room for capital improvements to help recapture market rent and reduced existing vacancy. The property has historically been operated with and emphasis on maintaining existing cash flow and minimizing management responsibility as opposed to maximizing value, leaving the next owner with a relatively simple road map to accomplish the latter.
© 2023 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Amy Maib - Yakima's Rescue Realtor. Data last updated: 2023-09-28T12:49:12.42.