116 S Main St
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116 S Main St
4,800 SF 71% Leased Office Building Kittitas, WA 98934 $625,000 ($130/SF) 6.03% Cap Rate
Investment Highlights
- Mixed-Use Investment Opportunity
- Owner-Occupied Office
Executive Summary
Westlake Associates, Inc. is pleased to present the opportunity to purchase the 4,800 SF Mixed-Use Building located at 116 S Main Street in Kittitas. The 100% occupied, 4-unit property features two (2) 1,200 SF commercial units on the ground floor, and two (2) 1,200 SF apartments upstairs. Built in 2008, this newer construction property is an excellent investment opportunity. Alternatively, the leases for the ground floor commercial spaces expire in 2024, and could be ideal for a business looking to occupy 1,200 SF in a building they own.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,800 SF
Building Class
C
Year Built
2008
Price
$625,000
Price Per SF
$130
Cap Rate
6.03%
NOI
$37,703
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,400 SF
Building FAR
0.44
Lot Size
0.25 AC
Zoning
CB
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PROPERTY TAXES
| Parcel Number | 572333 | Total Assessment | $494,270 (2023) |
| Land Assessment | $72,230 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $422,040 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
572333
Land Assessment
$72,230 (2023)
Improvements Assessment
$422,040 (2023)
Total Assessment
$494,270 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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Presented by
Ayers Commercial Group LLC
116 S Main St
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