For Sale
$2,875,000

6825 Burden BlvdPasco, WA 99301

High-Cap Rate Medical Office in Pasco, WA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,993 square foot medical office building, located at 6825 Burden Blvd Suite D, Pasco, WA 99301, presents a compelling investment opportunity. Built in 2006, this single-tenant Class B property boasts a strong 7.20% capitalization rate, generating a substantial monthly net income of $16,500 under a triple-net (NNN) lease. The building is situated in the flourishing West Pasco area, benefiting from the region's ongoing growth and development. Currently fully leased, the property offers immediate cash flow and the potential for future expansion. The single-story design allows for flexibility, with the possibility of subdividing the space into smaller suites to accommodate multiple tenants if desired. As a condo, the property benefits from shared responsibility for exterior maintenance and capital improvements, minimizing owner expenses. Showings are available after 6 PM with a minimum of 48 hours' notice. This asset is an ideal addition to any investment portfolio, combining immediate returns with significant long-term potential. The property is a single-tenant, medical office space with a strong lease in place. The asking price is $2,875,000.

Property Details for 6825 Burden Blvd

Property type
Office properties, Medical offices
Square Feet
6,993 SF
Class
B
Year Built
2006
Stories
1

Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.2710393
Longitude
-119.1800441
6825 Burden Blvd, Pasco, Washington

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6825 Burden Blvd
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