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- LoopNet Team
3803 W Nob Hill Blvd
Yakima, WA 98902
Office Property For Sale
Investment Highlights
- Aggressive asking price is reflective of the current condition (no known deferred maint, but cosmetic or functional updates should be anticipated).
- Excellent presence and visibility from W Nob Hill Blvd, which provides in excess of 21,000 vehicles per day passing by the property.
- Plentiful dedicated parking that exceeds municipal code requirements for administrative office users.
- Smaller building recently leased via a 5-year term at $8.50/SF, NNN, providing a passive income opportunity for a purchaser interested in using the la
- Large pylon sign has an adundance of advertising area suitable to cover both buildings.
- Ideally situated for an owner/user of the larger buliding who might then lease out the smaller building.
PROPERTY FACTS
Amenities
- Bus Line
About 3803 W Nob Hill Blvd , Yakima, WA 98902
THIS OFFERING is for the opportunity to purchase or lease an affordable pair of freestanding office buildings in west Yakima. Located at the NW corner of 38th Ave and W Nob Hill Blvd, this property sits just two blocks east of both the desirable 40th Avenue professional corridor and one of the busiest intersections in all of Yakima. The larger building totaling approximately 5,063SF is also available to lease for $11/SF, NNN. It was constructed for a real estate brokerage in approximately 1972 and fronts Nob Hill Blvd. The smaller building totaling approximately 2,040SF is leased to a massage therapist through June 30, 2025 at $8.50/SF, NNN, with 2% annual escalations, thereby providing approximately $17,340/year of base rent plus recapture of approximately 28.72% of operating expenses attributed to the property. It was constructed in approximately 1988 and sits towards the back of the property. Both buildings have been occupied by Virginia Mason Memorial Hospital as administrative support offices for the past 20+/- years. Both have been occupied by Virginia Mason Memorial Hospital as administrative support offices for the past 20+/- years.
PROPERTY TAXES
| Parcel Number | 181327-13013 | Improvements Assessment | $698,000 |
| Land Assessment | $165,300 | Total Assessment | $863,300 |
PROPERTY TAXES
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