7139 W Hood Place Kennewick, WA 99336
Beautiful 2003 custom built Owner/User office building in Vista Field across from all the new building activity going on there. 2, 846 square feet Lower level is leased to a Salon under a 63 month primary lease term with no option (6-1-17 thru 9-1-22). Monthly semi gross rent is $2, 700 and increases 2.5% annually. Upper level with 2, 2, 794 square feet is Crop Production Services under a current semi gross lease. Lease Commencement Date was October 1st 2013 and terminates September 30th 2018 and has one 5 year renewal term @ $4, 374.00 month. (Tenant has a 30 day notice early termination right under this lease). Current monthly rent $3, 976.00 Landlord responsible for: Taxes, Insurance and major maintenance/repair. Do not disturb Tenant. Copy of the lease is at office. Square feet from Assessor. 2017 property taxes $9, 541.12.... Current Annual Rent $80, 112 minus 25% in Operating expenses gets close to $60, 000 in net income ..... 7% Cap rate...
Interior Features Include:
Ceilings - Vaulted
Exterior Features Include:
Acreage: 0.4700 Acres
Description Loc in City Limits
Square Feet 20473
Roof: Composition Shingle
Parking 21 - 30 Spaces
Other Features Include:No Information Available.
Information provided by TriCity Multiple Listing Service, and is deemed reliable but not guaranteed accurate.