1600 W 1st St - Office FOR SALE


Newport, WA 99156
$1,945,000 USD
509-845-9411
1600 W 1st St, Newport, WA for Sale
$1,945,000 USD
Office - FOR SALE
1/6
null | 6.82% Cap Rate

1600 W 1st St
Newport, WA 99156


OVERVIEW

Fully leased commercial building with Government and State tenants. Seller recently replaced HVAC system throughout entire property ($100K). New 5 year leases in place with options to extend. Long term tenants. Only 45 minutes from Spokane. Current CAP rate is 6.82. Pro-Forma Cap Rate is 7.30 upon commencement of new leases. Main tenant has been at this location for nearly 20 years.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

6.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DSHS Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

Commercial

APN/PARCEL ID

453113-34-0005

ASK ABOUT THIS PROPERTY

Nick WrightKelly Right Real Estate Of The Tri-CitiesMore Info
509-845-9411

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Nick WrightKelly Right Real Estate Of The Tri-CitiesMore Info
509-845-9411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.