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8318 Gage Blvd

9,000 SF 100% Leased Retail Building Kennewick, WA 99336 $1,925,000 ($214/SF) 6.20% Cap Rate

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Executive Summary

An excellent fully leased retail strip center on Gage Blvd in Kennewick. This offering boasts a long time anchor tenant in Bankok Thai Restaurant and has a strong rental history. Strong tenant mix and an opportunity to grow the rents in a short time frame.
The owner has recently replaced the roof as well as an HVAC unit.

Columbia Center West Plaza | OM

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

9,000 SF

Building Class

Year Built

1977

Price

$1,925,000

Price Per SF

$214

Cap Rate

6.20%

NOI

$119,264

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.36

Land Acres

0.58 AC

Zoning

Commercial General - Commercial District

Space Availability

F
2,145 SF
Retail
End Cap
Now

Incredible move in ready space on Gage Blvd just a stones throw from Columbia Center! An excellent layout with both private offices, open spaces and a large reception area. Great for office, retail or a hybrid of each.