Listed by Center Investments, Inc.
$750,000
South Wenatchee Retail Building
Details
APN 222010742005
Property Type Retail
Sub Type Shopping Center, Commercial
Square Footage 6,000
Units 4
NOI $9,937,215
Occupancy 50%
Tenancy Multi
Lease Type Modified
Price per SqFt $125
Year Built 1922
Acreage 0.140
Zoning INDUSTRIAL
Investment Type Value Add
Ownership Fee Simple
820 S. Wenatchee Ave., Wenatchee, WA 98801
Marketing description
Center Investments, Inc. is pleased to present the opportunity to acquire the 100% fee simple ownership in South Wenatchee Retail Building. This multi-tenant retail strip center is located just east of the intersection of S. Wenatchee Ave. and Bridge St., totaling approximately 6,000 SF of GLA, and is situated on approximately 0.14 Acres. The property was built in 1922 and sits in a dense infill trade area.
Investment highlights
- High-performing intersection with excellent visibility
- Glass Storefronts with Aluminum Frames
- Covered Sidewalk Along Entire Store Frontage
- Priced Below Replacement Cost
- Value Add Opportunity
- Fantastic Signage, Exposure and Visibility
- Excellent Visibility from Wenatchee Ave and Surrounding Businesses.
- Located on Wenatchee Ave, a major thoroughfare and premier location in the submarket.
- South Wenatchee Retail Building is strategically located on a hard corner with tremendous traffic count.
- Excellent access, frontage and visibility.
- South Wenatchee Retail Building 's premier location offers an investor a rare opportunity in a rapidly growing market with excellent demographics, strong local and regional fundamentals, and a steady increase in jobs and development that will continue to enhance the stabilization of the property.
Listing Contacts
Listed by Center Investments, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,937,214.61
$828,101.22/mo
Valuation Metrics
0
DSCR
1,324.96%
Cap Rate
1,324.96%
ROI
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