The Jeffrey Building
409 N. Mission St., Wenatchee, WA, 98801
Listing Details
- List Price
- $1,100,000
- List Price Per SF
- $122.11
- Terms
- all cash at closing
- Total Income
- $109,378
- Total Expenses
- $32,270
- NOI
- $77,108
- Cap Rate
- 7.01%
- List Date
- 11/04/2023
- Listing ID
- 39289142
The Jeffrey Building
The Jeffrey Building is a 5 unit, multi-tenant, fully occupied professional services/office and retail building. Built in 1984 but the interior spaces have all been updated recently by occupants. It's market position just north of the Downtown core is ideal in that it enjoys that proximity to Downtown but delivers excellent visibility with exposure to drive by traffic and offers abundant parking. This well maintained building and parcel offers investors the opportunity to increase net income over time by pursuing market rents and additional expense recovery, while relying on Seller's previous capital investments to avoid significant maintenance expenditures.
Space Details
- Total Available
- 9,008 SF
- Primary Use
- Office
- Secondary Uses
- Retail
- Investment
- Yes
- Vacancy Factor
- $4,407
- Real Estate Taxes
- $11,725 in 2023
Property Highlights
- Type
- Office: Mixed Use Pending
- Size
- 9,008 SF, 0.39 Acres
- Building Class
- B
- Occupancy Type
- Multi-tenant
- Number of Buildings, Floors
- 1 , 1
- In Opportunity Zone
- Yes
- Submarket
- CBA Chelan County
Source: CBA
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