What is the asking price for Pure NNN Leased Investment Opportunity?

The lease rate for space here is $1,453,510.

What type of property tenancy can you find at Pure NNN Leased Investment Opportunity?

This property is listed as Single Tenant.

What is the total size of Pure NNN Leased Investment Opportunity?

The property has a total square footage of 5,657 SF.

When was this property built?

Pure NNN Leased Investment Opportunity was built in 2008.

How many parking spaces are available at Pure NNN Leased Investment Opportunity?

Parking information for the property isn't currently listed. However, other nearby parking options include North Lot, located 1.14 miles away , and Carnival, which is 1.24 miles away.

17 N 3rd St, Suite 103, Yakima, WA 98901

For Sale $1,453,510
Property Type Office - General Office
Property Size 5,657 SF
Lot Size 0.13 Acre
Property Tenancy Single Tenant
Building Class A
Year Built 2008
Year Renovated 2017
Date Updated Nov 7, 2026

Description

THIS OFFERING is for the opportunity to purchase a commercial condominium with a true triple-net lease providing for a passive landlord experience with minimal landlord responsibilities. Leased by SMG Media – Yakima, LLC, a subsidiary of Stephens Media Group, a multi-market radio broadcasting operator who the space was originally built-to-suit for from grey shell condition, which operates numerous popular radio stations in the Yakima County market area. Located in the heart of the vibrant downtown corridor on the ground floor corner of the Lofts Condominium building, which has professional and retail condos on the ground floor and residential condos on the 2nd and 3rd floors.

Highlights

Condominium building with retail/office on the main floor and residential on the upper levels.
Long-term tenant who originally remodeled the building with their own capital and is a significant regional radio station operator.
Prime location in the heart of downtown and located within the popular mixed-use Lofts
Pure triple-net lease providing minimal landlord responsibilities with tenant responsible for roof, structural and HVAC repairs and replacement.
Significant barriers to relocation exist for the tenant, including necessary line of site to broadcast antennas.
Significant upside with scheduled CPI increase at renewal (lease has been flat since commencement in January of 2018).
Strong floor plan with high ceilings, exposed beams and extensive use of glass sidelights throughout.
The building was fully remodeled on a build-to-suit basis in 2017 from grey shell with first-class finishes and a strong floor plan.