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31479743
31479744

4112 Summitview Ave, Yakima, WA 98908

RV
WA 135292
Northmarq - Seattle
Listed by Northmarq - Seattle
$2,695,000
62 days on market
Updated 38 days ago

4112 Summitview Ave

Details
APN 181322-31040
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 13,509
Net Rentable (SqFt) 13,509
Cap Rate 6.75%
NOI $181,912
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Price per SqFt $200
Broker Co-Op Yes
Year Built 1985
Buildings 1
Acreage 0.510
Zoning SCC
Parking Spaces 40 spaces
Parking Per SqFt 2.96
Investment Type Net Lease

BRAND NEW 10-YEAR LEASE WITH 2.5% ANNUAL INCREASES AND ZERO MANAGEMENT

Marketing description

Northmarq is pleased to present the exclusive listing for 4112 Summitview Ave, a single-tenant office building in Yakima, WA. Fully occupied by Berkshire Hathaway Home Services, the tenant has operated successfully at this specific location for over 20 years. The investment is anchored by a brand-new 10-year NNN lease, offering long-term stability and exceptional visibility along the city’s primary professional corridor.

The lease structure features 2.5% annual rental increases, providing a consistent hedge against inflation and steady yield growth. With zero landlord management responsibilities and over $100,000 in recent tenant improvements, this asset is an ideal “hands-off” acquisition for 1031 exchange buyers and private capital. Additionally, investors benefit from Washington’s status as a state with no personal income tax.

Investment highlights

  • GLOBALLY ELITE BERKSHIRE HATHAWAY BRAND
  • STRONG 20-YEAR HISTORICAL OCCUPANCY
  • BRAND NEW 10-YEAR PASSIVE LEASE
  • BUILT-IN 2.5% ANNUAL RENTAL INCREASES
  • EXTREMELY PASSIVE NNN STRUCTURE
  • HIGH-VOLUME VISIBILITY & FRONTAGE

Listing Contacts

RV
WA 135292
Northmarq - Seattle
Listed by Northmarq - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,912.00
$15,159.33/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
RJ Vara
License
135292
Brokerage
Northmarq
Brokerage Phone
2068443505
Title
Real Estate Broker
Brokerage Address
130 Nickerson Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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