504 40Th Ave Yakima, WA 98908

Exceptional investment opportunity in Yakima, WA, presenting a Class A, 13,762 square foot medical office building situated on a 1.31-acre lot at 504 N 40th Ave, 98908. Currently 100% occupied by MultiCare Hospital under a NNN lease expiring December 31, 2024, offering a strong 8.25% cap rate. The single-tenant building, constructed in 1993, features 12,083 square feet of finished ground floor space and 2,730 square feet of finished basement space, plus an additional 3,778 square feet of unfinished basement space. The building boasts 70 parking spaces and includes 27 exam rooms, a private lab, two procedure rooms, seven private offices, a breakroom, a conference room, and a gym. Building amenities include a sprinkler system and a metal roof. The property is strategically located approximately 40 blocks west of Yakima's central business district, offering convenient access for patients and staff. The asking price is $3,200,000. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with a strong tenant in a desirable location. The property's design includes space reserved for a future elevator to access the basement. The total building area is 18,591 square feet. The property is owned by Yakima Family Medical Building LLC. The Assessor's Parcel Number (APN) is 181322-21450.