900 S College Ave - Freestanding FOR SALE


College Place, WA 99324
$1,185,000 USD
949-769-1726
900 S College Ave, College Place, WA for Sale
$1,185,000 USD
Freestanding - FOR SALE
1/33
null | 3.85% Cap Rate

900 S College Ave
College Place, WA 99324


HIGHLIGHTS

  • Stucco and masonry exterior
  • Metal roof
  • Main Thoroughfare in College Place / Foot Traffic/Near College
  • Near Retail and Residential
  • Near University

OVERVIEW

Buyer to verify all information including, but not limited to, square footage, taxes, insurance. Sale is subject to existing 10 year lease with a 10 year option. 8.5 years remain on first lease. Existing 10-year lease has a 3% per year built-in inflation clause. Building is approximately 1.5 yrs. old and designed to require very little maintenance. Steel/concrete outside deck requires little or no maintenance. The lease is a modified NNN lease. Landlord pays property taxes and insurance. Tenant responsible for all utilities, maintenance and their portion of insurance..

FOR SALE DETAILS

PRICE

$1,185,000 USD

PRICE/SF

$1,496 USD /SF

CAP RATE

3.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

Commercial

APN/PARCEL ID

350735602521

ASK ABOUT THIS PROPERTY

Steve ShulmanSJP, LLCMore Info
949-769-1726

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Steve ShulmanSJP, LLCMore Info
949-769-1726

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