1620 Road 44
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1620 Road 44
7,185 SF 30% Leased Office Building Pasco, WA 99301 $1,125,000 ($157/SF) 7.42% Cap Rate
Executive Summary
This property is fully leased NNN property with a strong rental history. The property also features a half acre of property that can be further developed.
The current owners have made investments into the HVAC systems, roof and parking lot.
The current owners have made investments into the HVAC systems, roof and parking lot.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,185 SF
Building Class
B
Year Built
1991
Price
$1,125,000
Price Per SF
$157
Cap Rate
7.42%
NOI
$83,496
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,185 SF
Building FAR
0.18
Land Acres
0.92 AC
Zoning
C-1 Commercial
Parking
35 Spaces (4.87 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 119-121-156 | Improvements Assessment | $529,600 |
| Land Assessment | $277,200 | Total Assessment | $806,800 |
PROPERTY TAXES
Parcel Number
119-121-156
Land Assessment
$277,200
Improvements Assessment
$529,600
Total Assessment
$806,800
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Rob Ellsworth -
SVN | Retter & Company
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1620 Road 44
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