20 E STAFF SGT PENDLETONY 98901 Yakima WA 98902

Marcus & Millichap is pleased to present for sale The Cascade, a historic mixed-use building in the prime downtown core of Yakima  Washington. Built in 1910, this charming bricker recently upgraded the entire power supply for ground floor retail. Additionally, the building provides an excellent location, immediate cash flow and yield as well as considerable upside through fulfillment of the retail space. The Cascade possesses 60 studio suites at 95% occupancy and five retail suites of which three are vacant at present. With vibrant retail leasing occurring in the neighboring properties, the opportunity exists to lease up the vacant retail and increase the immediate leveraged return into double digits.

Continually establishing itself as one of the best places to live in America, Yakima appeals to property owners for a number of economical and functional reasons. With more than 300 days of sun each year, Yakima has developed into one of the nations leading regions for winemaking with more than 120 different distributors, as well as providing ample fruit farms that produce most of the hops for leading craft breweries and a thriving manufacturing and industrial jobs market.

Apartment rents in Yakima have increased 6% over the last year and in addition, the Yakima economy has supported a tight 3.9% vacancy rate. Given The Cascade's ideal location, unit type and mix for both residential and retail as well as cash flow, investors will be in position to continue rent increases and see appreciation with a stable property