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Valentina Building 316 E Yakima Ave
1,545 - 11,249 SF of Space Available in Yakima, WA 98901
Highlights
- Ambitious repurposing of a prominent, well-known downtown commercial building, using high-end finishes and first-class materials throughout.
- Dominant exposure from E Yakima Ave, downtown’s primary commercial arterial.
- Some restaurant infrastructure is already in place and the opportunity for use of the rooftop (directly accessible by elevator) exists.
- Landlord will provide a vanilla shell finish with additional improvements to be negotiated dependent on length of lease, credit-worthiness, etc.
- Opportunity to capitalize on built-in foot-traffic from a pair of adjacent hotels, Yakima’s largest office building and residential units.
- Some underground parking is potentially available.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,545 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $129.17 /m²/YR $10.76 /m²/MO $1,545 /MO $18,540 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 2 | 5,400 SF | Negotiable | $11.00 /SF/YR $0.92 /SF/MO $118.40 /m²/YR $9.87 /m²/MO $4,950 /MO $59,400 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 1,804 SF | Negotiable | $11.00 /SF/YR $0.92 /SF/MO $118.40 /m²/YR $9.87 /m²/MO $1,654 /MO $19,844 /YR | Triple Net (NNN) | ||
| 2nd Floor, Ste 4 | 2,500 SF | Negotiable | $11.00 /SF/YR $0.92 /SF/MO $118.40 /m²/YR $9.87 /m²/MO $2,292 /MO $27,500 /YR | Triple Net (NNN) |
1st Floor, Ste 1
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 2
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 3
- Lease rate does not include utilities, property expenses or building services
2nd Floor, Ste 4
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 316 E Yakima Ave , Yakima, WA 98901
| Property Type | Retail | Gross Leasable Area | 55,047 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1972/2017 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 55,047 SF |
| Year Built/Renovated | 1972/2017 |
About the Property
THIS OFFERING is for the opportunity to lease commercial space in the Valentina Building, an ambitious re-purposing of a prominent former multi-level retail building into a mixed-use property offering retail, office and multi-family spaces that sits in the heart of Yakima’s vibrant downtown corridor. Located at the SW controlled intersection of E Yakima Ave and S 4th St, the property sits across the street from the Tower (Yakima’s largest office building), the Hilton Garden Inn and Hotel Maison, and is well-located to capitalize on the growing, vibrant downtown restaurant scene, while being suitable for other retail or traditional office users. With Yakima Valley Community Foundation leasing the majority of the 2nd floor and the residential units all leased, what remains are a 2,500SF office suite on the 2nd floor and spaces consisting of 1,545SF, 1,804SF and 5,400SF on the main floor.
- Bus Line
- Signalized Intersection
- Roof Terrace
Nearby Major Retailers
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Bill Almon Jr -
Almon Commercial Real Estate
Presented by
Valentina Building | 316 E Yakima Ave
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