8486 Gage BlvdKennewick, WA 99336

Property Details for 8486 Gage Blvd

Year built

2014

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

5,482 SF

Property type

Office properties

Property subtype

Office buildings

APN

130993BP4435001

APU

130993BP4435001

Description

This exceptional 1,900 square foot Class A office space, situated on a 0.42-acre lot at 8486 W Gage Blvd in Kennewick, WA, presents a remarkable opportunity. Built in 2014 and boasting a unique Frank Lloyd Wright-inspired design, this turnkey property is perfectly suited for businesses needing a professional and efficient workspace. The layout is ideal for teams of 8 to 12 employees and includes a welcoming entrance lobby, a reception area with built-in features, two private offices with sliding glass doors, a dedicated drafting table work area with ample storage, and a spacious executive office. Collaboration is facilitated by a conference room with seating for ten, while a convenient kitchenette with a sink and refrigerator caters to employee needs. A versatile flex area offers additional space, including another private office, providing flexibility for various business requirements. The property benefits from shared parking and prominent signage on Gage Boulevard, ensuring high visibility and accessibility. This location offers unparalleled convenience, being directly across from a Costco store. The property is best suited for businesses in the financial, real estate, insurance, or legal sectors. A minimum 36-month lease is required, with a monthly rate starting at $4,200 plus triple net expenses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,117,050

  6.5%

  $1,031,123

  7%

  $957,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,168,817

  Geo Method

  $1,168,817

• Alternative Use

  Use

  Valuation

  Residential

  $1,278,593

  Hospitality

  $1,171,184

  Educational

  $974,411

  Medical

  $1,007,923

  Retail

  $1,515,751

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.2278

Longitude

-119.235

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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