27 N Morain St
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27 N Morain St
2,506 SF Office Building Kennewick, WA 99336 £352,984 (£141/SF) 6.67% Net Initial Yield
Executive Summary
Newly leased single tenant office building. 5 year term beginning November of 2024 with 3% annual increases. Offered at a 6.67% cap rate.
The existing layout includes 4 offices, storage areas, 1 conference room, reception space, washer/dryer hook ups and a large open area with kitchen. The sale also includes fully digital monument signage.
The existing layout includes 4 offices, storage areas, 1 conference room, reception space, washer/dryer hook ups and a large open area with kitchen. The sale also includes fully digital monument signage.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,506 SF
Building Class
B
Year Built
1950
Price
£352,984
Price Per SF
£141
Net Initial Yield
6.67%
NOI
£23,544
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,506 SF
Building FAR
0.20
Land Acres
0.28 AC
Zoning
CO - Commercial Office
1 of 1
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 103892030000010 | Improvements Assessment | £186,109 (2023) |
| Land Assessment | £32,608 (2023) | Total Assessment | £218,717 (2023) |
PROPERTY TAXES
Parcel Number
103892030000010
Land Assessment
£32,608 (2023)
Improvements Assessment
£186,109 (2023)
Total Assessment
£218,717 (2023)
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Rob Ellsworth -
SVN | Retter & Company
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27 N Morain St
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