The Jeffrey Building

409 N. Mission St., Wenatchee, WA, 98801

9,008 SF
$1,100,000

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

Contact

Chaun Birks

Center Investments, Inc.

Attachments

BROKER

Source: CBA

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