517 N. Mission St., Wenatchee, WA
Office for Sale - $2,650,000 - 8,680 Sq. Ft. on 0.37 acres
Property Info
| CIMLS# | 1135679 |
| Location 517 N. Mission St. Wenatchee WA 98801 | |
| Updated | June 13th, 2023 |
| Type | Office |
| Price | $2,650,000 |
| Building | 8,680 Sq. Ft. |
| Land | 0.37 acres |
Property Description
This offering presents a fantastic opportunity for wealth preservation. 10-year, NNN lease with corporate guaranty, on 86.8% of the leasable square footage, with 7.5 years of initial term remaining and annual adjustments to rent at CPI. Well known building in the heart of the commercial core of the market, with a long reputation as professional, financial office bldg. CLA or it predecessors have occupied for more than 20 years and have recently made nearly $2,000,000 of interior improvements. CLA has strong interest in leasing currently vacant space.
Financials
NOI - $159,071