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32639714
32639715

112 West Washington Avenue, Union Gap, WA 98903

MF
WA 20115181
Paragon Group
Listed by Paragon Group
$3,200,000
30 days on market
Updated 30 days ago
Opportunity zone

Guardian Business Center

Details
APN 191331-32502
Property Type Industrial
Sub Type Flex
Square Footage 28,500
Units 30
Cap Rate 6.19%
NOI $197,990
Tenancy Multi
Pro-Forma Cap Rate 7.96%
Pro-Forma NOI $303,034
Price per SqFt $112
Year Built 2008
Acreage 0.620
Zoning CBD
Parking Spaces per unit
Investment Type Stabilized
Ground Lease No

Small-Bay Industrial | $3.2M | 28,500 SqFt

Marketing description

Guardian Business Center is a 2008-vintage small-bay industrial asset outside Yakima in Union Gap, WA. It offers a hard-to-find combination of modern construction, grade-level functionality, and small bay sizes that appeal to the backbone of the Yakima Valley economy: local trades, service businesses, and other hands-on operators. In a market where large-format industrial properties often miss the needs of smaller businesses, the business center fills an important niche for local businesses.

Located in Union Gap, Guardian is within one of the Yakima Valley's most active commercial corridors, with proximity to major transportation infrastructure and a municipality that continues to support business licensing, planning, and economic development. City planning efforts emphasize transportation, downtown development, and long-range growth, while regional infrastructure investment such as the Beltway Connector should further strengthen freight movement and commercial accessibility over time.

Guardian Business Center is not dependent on one large user, instead it appeals to diversified tenants across multiple industries which creates resilient demand and stable cash flow. Near-term upside likely comes from lease standardization, improved expense recoveries, and sharper positioning of the asset as a small-business industrial center.

Investment highlights

Highly Desirable Small-Bay Industrial Asset

Constructed in 2008, Guardian Business Center offers modern small-bay flex space in one of the most durable asset classes in today's market. Functional bay sizes and grade-level access cater to a wide range of local users, from contractors and service businesses to automotive and light industrial tenants.

Built for Yakima Valley Small Businesses

The business center is currently occupied by a mix of local operators, including auto services, construction-related tenants, trucking, and other specialty businesses. This tenant profile aligns with Yakima County's ongoing small-business ecosystem and reinforces the property's position in the local economy.

Potential Lease Improvement Upside

As leases roll, a new owner may have the opportunity to standardize lease terms and increase tenant reimbursement through modified gross or even NNN structures. A more consistent expense-recovery structure could strengthen NOI and create a cleaner, more predictable income stream.

Straightforward Operations and Leasing

Small-bay industrial offers a simple operating model with practical spaces, limited common-area complexity, and broad utility across tenant types. The layout, fencing, and grade-level floorplans support efficient operations and hands-on usability for everyday business operators.

Listing Contacts

MF
WA 20115181
Paragon Group
Listed by Paragon Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,990.00
$16,499.17/mo

Valuation Metrics

0
DSCR
6.19%
Cap Rate
6.19%
ROI

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Additional Information

Name
Mason Fiascone
License
20115181
Brokerage
Multifamily Mason
Brokerage Phone
(509) 410-1990
Title
Multifamily Advisor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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