460 McLaughlin Rd | Yakima, WA 98908
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- LoopNet Team
460 McLaughlin Rd
Yakima, WA 98908
Net Leased Industrial Property · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Passive investment offering with minimal landlord responsibilities (landlord maintains the foundation and structural portions of the buildings).
- Rare opportunity to acquire an investment grade offering where the capitalization rate does not manipulate the price above market.
- Warehouse area includes traditional industrial amenities such as approx 17’ peak ceiling height, large 15’x16’ ground level doors and heavy power.
- Rent is significantly below market at approximately $.40/SF/month, NNN (market rent is closer to $.55/SF), providing for significant upside potential.
- Leased on a long-term basis to an established local manufacturing company specializing in agricultural packing line products: haleymfg.com
- Advertised net operating income is after a 5% reduction for vacancy and credit loss and 2% reduction for capital replacement reserves.
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1976/1992 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 4.80 AC | Clear Ceiling Height | 17’ |
| Rentable Building Area | 14,990 SF | No. Dock-High Doors/Loading | 1 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 2 |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.80 AC |
| Rentable Building Area | 14,990 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1976/1992 |
| Tenancy | Single |
| Parking Ratio | 1.2/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
PROPERTY TAXES
| Parcel Number | 181431-21016 | Improvements Assessment | $411,800 |
| Land Assessment | $325,300 | Total Assessment | $737,100 |
PROPERTY TAXES
Parcel Number
181431-21016
Land Assessment
$325,300
Improvements Assessment
$411,800
Total Assessment
$737,100
ZONING
| Zoning Code | R-10/5 |
| R-10/5 |
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