Real Estates for Sale in Washington
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Washougal, Washington
Downtown Washougal Executive Suites Building
$ 1,240,000
This strong-performing and well-established office building comprises 16 executive suites, offering generous Common Areas, including a lobby area, lunchroom, and two bathrooms per level. With quick access to HWY-14, it's just a couple of blocks from Downtown Washougal and one of the best places for a lunch walk or ride, just one block from the pedestrian tunnel to the beautiful Columbia River Front Trail. The building is currently 100% leased out, with all tenants on 1-year leases, and a waiting list is usually established for any upcoming openings. The current average tenancy duration throughout the building is about 3 years. Unit mix of 15 individual suites from 90-150SF, and one 700 SF 3-room Suite With expiration dates spread throughout the year, this gives owner-users the flexibility to acquire spaces for their own needs over a short period of time. The building is well maintained, and the off-street parking lot has 8 unassigned spaces. NOI of $82,676 and offered at an Actual Cap Rate of 6.67% https://tworld.com/locations/Washington/vancouver/listings/Downtown-Washougal-Executive-Suites-Building
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