504 N 40th Ave - Medical FOR SALE


Yakima, WA 98908
$3,200,000 USD
509-594-7989
504 N 40th Ave, Yakima, WA for Sale
$3,200,000 USD
Medical - FOR SALE
1/39
null | Request Cap Rate

504 N 40th Ave
Yakima, WA 98908


HIGHLIGHTS

  • Location: Prime investment in Yakima's North 40th Avenue district
  • Property: Family Medicine of Yakima Building, a prestigious 18,591 sq. ft. medical facility built in 1993.
  • Features: Versatile design with 27 exam rooms, private lab, 2 procedure rooms, 7 offices, breakroom, conference room, and gym.
  • Infrastructure: Fully sprinkled, metal roof, and potential for basement elevator.
  • Opportunity: Strategically situated on a 1.31-acre lot with 70 parking spaces, offering a turnkey solution for a healthcare investment

OVERVIEW

Presenting an exceptional investment opportunity in the heart of Yakima's coveted North 40th Avenue district, the Family Medicine of Yakima Building is a prestigious medical facility designed for success. Built in 1993, this impressive free-standing structure encompasses 12,083 square feet finished ground floor space, 2730 square feet of finished basement space, and 3,778 square feet of unfinished basement space. Showcasing an inviting frame with rock trim, instilling confidence and professionalism. Situated on a sprawling 1.31-acre commercially zoned lot, this property boasts 70 parking spaces, ensuring convenience for both clients and staff. 27 exam room, a private lab, 2 procedure rooms, 7 private offices, breakroom, conference room, gym and more. Building is fully sprinkled, has a metal roof and when designed area was reserved to add an elevator to access the basement if needed. A total of 18,591 sq. ft., all optimized for your specific requirements. Don't miss this opportunity to acquire a prime property in an ideal office location, just 40 blocks west of Yakima's central core area, making it a strategic choice for your real estate portfolio. Space is leased to MultiCare Hospital through 2024. MultiCare Hospital has been contacted about extending their lease and they have declined to say what their intentions are. Space is leased through 2025.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,063 SF

ZONING

B1

APN/PARCEL ID

181322-21450

ASK ABOUT THIS PROPERTY

Russ RobertsKeller Williams Yakima ValleyMore Info
509-594-7989

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Russ RobertsKeller Williams Yakima ValleyMore Info
509-594-7989

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