Sunfair Office Building

101-111 South 3rd Street , Yakima, WA 98901

  • For Sale $2,950,000
  • Property Type Office - General Office
  • Property Size 34,473 SF
  • Lot Size 1.1 Acre
  • Building Class B
  • Date Updated Mar 8, 2024
THIS OFFERING presents an opportunity to acquire a “value add” well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. Remodeled just prior to COVID, this building has a current vacancy of approximately 50% and below market rents leaving it primed for a value-add opportunity. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $89/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors.THIS OFFERING presents an opportunity to acquire a “value add” well-positioned multi-tenant office building in the heart of downtown Yakima. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunity. Remodeled just prior to COVID, this building has a current vacancy of approximately 50% and below market rents leaving it primed for a value-add opportunity. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $89/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors. The current property owner is retiring and wishes to consolidate assets, leaving the upside to the next investor. Offered at $93/SF this building is positioned aggressively, leaving room for capital improvements to help recapture higher rents and reduce existing vacancy. With several larger spaces available, this building is ideal for an owner/user looking to mitigate rent expenses through lease income generated from the building. Make this your signature building and generate income in the process. Considerable upside potential combined with the owner’s retirement plans make this property worth a second look to investors.

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Highlights

  • Rare opportunity to acquire an investment grade office building at a discounted value. By example, the asking price translates to $89/SF, which is arguably below market if the building sold empty to a user.
  • Class B building in a Class A location, providing an excellent option for tenants who want to be in the core of downtown Yakima.
  • Separate adjoining parcel included with additional 21 parking stalls (58 total parking stalls)
  • Recently updated entry and common areas throughout the building
  • Situated within walking distance of Yakima’s most sought after amenities, such as Cowiche Canyon Kitchen and Ice House Bar, Easy Tiger Restaurant, Second Street Restaurant, Essencia Bakery, The Capital Theater, Hilton Garden Inn, Banking, the Post Office and many more.
  • Additional financial information available upon request.

Contacts

broker

Chris Sentz

Almon Commercial Real Estate

(509) 966-3800

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable
  • Transit Score ®

    34/100 Some Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Yakima, WA
  • Neighborhood Yakima
  • Zip Code 98901
  • Market Tri Cities

Points of Interest

  • Conoco

    0.44 miles

  • Safeway Fuel Station

    0.77 miles

  • Conoco

    1.15 miles

  • Safeway Fuel Station

    1.41 miles

  • 76

    1.63 miles

  • Safeway Fuel Station

    1.69 miles

  • CFN

    1.97 miles

  • Safeway Fuel Station

    2.08 miles

  • Arco

    2.12 miles

  • Chevron

    2.67 miles

  • Lot E

    1.52 miles

  • Lot P

    1.52 miles

  • Lot O

    1.53 miles

  • Lot A

    1.59 miles

  • Lot H - Student Parking

    1.60 miles

  • Lot F

    1.61 miles

  • Lot L

    1.63 miles

  • Lot G - Faculty/Staff

    1.64 miles

  • North Bullpen

    1.64 miles

  • Lot T - Staff Parking

    1.66 miles

  • The Hotel Maison

    0.15 miles

  • Hilton Garden Inn Yakima

    0.16 miles

  • Red Lion Hotel Yakima Center

    0.36 miles

  • Holiday Inn

    0.39 miles

  • Howard Johnson Plaza Yakima/Near Convention Center

    0.48 miles

  • Guesthouse Inn

    0.58 miles

  • Holiday Inn Express Yakima

    0.59 miles

  • Red Apple Motel

    0.60 miles

  • Econo Lodge

    0.65 miles

  • Fairfield Inn & Suites Yakima

    0.70 miles

  • Cowiche Kitchen

    0.13 miles

  • Golden Wheel

    0.18 miles

  • Second Street

    0.22 miles

  • Taquería Los Amigos

    0.24 miles

  • McDonald's

    0.24 miles

  • Crafted

    0.27 miles

  • Taco Bell

    0.35 miles

  • Mel's Diner

    0.47 miles

  • Poochie's

    0.51 miles

  • Taqueria Los Primos #2

    0.55 miles

  • Madison School

    0.20 miles

  • Saint Josephs-Marquette Middle School

    0.32 miles

  • Washington Middle School

    0.55 miles

  • Barge-Lincoln Elementary School

    0.63 miles

  • Adams Elementary School

    0.70 miles

  • A. C. Davis High School

    0.78 miles

  • Lincoln School

    1.02 miles

  • Garfield Elementary School

    1.07 miles

  • Saint Pauls Cathedral School

    1.25 miles

  • Brookside Academy

    1.25 miles

  • KinderCare

    3.59 miles

Frequently Asked Questions

What is the lease rate for Sunfair Office Building?

Rental asking rate at Sunfair Office Building is $1,475,000.00/YR.

What is the total square footage of Sunfair Office Building?

Sunfair Office Building totals 34,473 square feet.

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Contact Listing Broker

broker

Chris Sentz

Almon Commercial Real Estate

(509) 966-3800