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21 N 1st Ave
Yakima, WA 98902 Downtown Yakima

$8,750,000 USD

Office For Sale • 56,939 SF

Property Details

Property Type Office
Total Building Size 56,939 SF
Lot Size 2.41 AC
Building Class B
Year Built 1998
Tenancy Single
Zoning CBD

34 Transit Score

85 Walk Score

                
                    Highlights
                
                                WSDA recently entered into a new 10-year lease despite the state of Washington’s current policy of signing lease terms of no more than 5 years.
                            
                                WSDA has occupied the building since 1998, is heavily invested in the property and is considered an essential governmental agency.  
                            
                                Yakima is the agricultural hub of central Washington and this is a critically important location for WSDA.
                            
                                Lease is below market at $14.36/SF, semi-gross, which is the equivalent of approximately $11.22/SF if it were triple-net.
                            
                                Washington State is rated Aaa by Moody’s and AA+ by both S&P Global and Fitch.
                            
                                Includes approximately 180 parking stalls, 130 of which are located within a first-class secured and gated parking lot.