2517 Logan St Richland, WA 99354
- Warehouses
- 11,769 SF
- 2.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2517 Logan St
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property size
- 11,769 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional Class A flex facility, built in 2024, offers 11,769 square feet of versatile space across five finished suites in Richland, WA's Horn Rapids Industrial/Business park. Situated on nearly two acres, the property boasts a 1.25-acre fenced laydown yard and two additional shovel-ready lots, providing significant expansion potential. The building features 22-foot eave heights, seven 14-foot tall overhead doors, and is 100% climate-controlled. Modern amenities include fire sprinklers, three-phase power, and high-speed fiber internet. With ample parking (25+ spaces), the design allows for easy combination of suites. The property's strong financials include a 7.60% cap rate and a pro-forma NOI of $260,952, making it an attractive investment opportunity. The asking price is $3,400,000, with a price per square foot of $288.89. This NNN lease property presents a compelling blend of functionality, location, and financial upside. The property is zoned for mixed-use, industrial, and office purposes.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.304
- Latitude
- 46.3253
