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5204 & 5210 Road 68

Pasco, WA 99301
  • $8,395,000
  • STATUS: Active
  • ON SITE: 311 Days
  • MLS #: 268082
UPDATED: 65 min ago
$8,395,000
  • 0
    BEDS
  • 2.85
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,975
    SQFT
  • $400
    $/SQFT
Type:
Commercial
Built:
2005
County:
Area:

School Ratings & Info

Description

MLS# 268082 100% Occupied NNN Retail Investment on Road 68 hitting the Market for the first time. Starbucks and JPM Chase Anchored Center with 7 other long standing tenants make up this fantastic Neighborhood Retail Center. Located in the middle of the ever booming Road 68 and entrance to Wal-Mart. The retail center is 20,538 SF on 2.85 acres that boasts a strong financial, occupancy status and performance history since being developed in 2005. Tenant Renewal Periods are staggered between Years 2 & 7 to provide Investor mitigated risk and scheduled upside. 2023 Scheduled NOI of $419k. Call Listing Broker for more information. NDA for full OM package. Listing Broker related to Ownership.

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© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Story Real Estate | KW Palouse. Data last updated: 2024-02-27T18:40:15.23.
www.storyrealestatemoscow.com/homes/138791296
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5204 & 5210 Road 68 Pasco, WA 99301

  • Price: $8,395,000
  • Status: Active
  • On Site: 311 Days
  • Updated: 65 min ago
  • MLS #: 268082
0
Beds
0
Baths
0
½ Baths
2.85
Acres
20,975
SQFT
$400
$/SQFT
2005
Built
County:
Franklin
Area:
Pasco
Property Description
MLS# 268082 100% Occupied NNN Retail Investment on Road 68 hitting the Market for the first time. Starbucks and JPM Chase Anchored Center with 7 other long standing tenants make up this fantastic Neighborhood Retail Center. Located in the middle of the ever booming Road 68 and entrance to Wal-Mart. The retail center is 20,538 SF on 2.85 acres that boasts a strong financial, occupancy status and performance history since being developed in 2005. Tenant Renewal Periods are staggered between Years 2 & 7 to provide Investor mitigated risk and scheduled upside. 2023 Scheduled NOI of $419k. Call Listing Broker for more information. NDA for full OM package. Listing Broker related to Ownership.
Exterior Features

Built On Grade Yes Dock High No Parking 75+ Spaces Rail Access No Truck Doors No

Interior Features

Clear Span No Cold Storage No Elevators No Sprinkler System Yes Sq Ft Below Ground 0 Sq Ft Finished 20975 Sq Ft Retail 20538 Sq Ft Warehouse 0

Property Features

1031 Exchange YN No Annual Taxes 45277 Auction No Bank Owned No Commercial Type Retail Ever Occupied Yes For Sale Or Rent For Sale Percent Leased 100 Proj Annual Expenses 138000 Proj Annual Income 431311 Proj Annual Vacancy 1.5% Proj Cap Rate 5.00 Proj Net Operating Income 419000 Sale Includes Property Tax Year 2023 Tenants 9 Zoning Type COMMCL RETAIL

Listing provided courtesy of StrickerCRE: 509-591-9949. © 2024 Multiple Listing Service of Pacific Regional Multiple Listing Service.


© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Story Real Estate | KW Palouse. Data last updated: 2024-02-27T18:40:15.23.
 
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