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6825 Burden Blvd
Pasco, WA 99301

$2,700,000 USD

Medical Condo For Sale  •  6,993 SF

Property Details

  • Property Type Medical
  • Total Building Size 19,713 SF
  • Lot Size 2.23 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 6.57 %
  • Tenancy Single
  • Zoning C1 - Retail Business
32 Transit Score
62 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit D Medical 6,993 SF $2,700,000 USD
  • Unit Size: 6,993 SF
  • Condo Use: Medical
  • Price: $2,700,000 USD
  • Sale Type: Investment
  • Price/SF: $386.10 USD
Description
Located in the thriving West Pasco, this 6,993 SF commercial property is a prime investment opportunity. Fully leased to along-standing tenant at $16,500 per month NNN lease, the property offers stable income with an attractive 6.57% cap rate. The property's design provides future flexibility, allowing for division into smaller suites for multi-tenant occupancy if needed. As a condo, it benefits from shared costs for exterior capital improvements, reducing owner responsibility. West Pasco's ongoing growth and the property's strategic location make this an excellent addition to any portfolio, this asset combines immediate returns with long-term potential.

Sale Notes
Please provide a minimum of 48 hours notice for showings. Tours are available after 6 PM only. Contact listing agent for additional details.

Description 

Located in the thriving West Pasco, this 6,993 SF commercial property is a prime investment opportunity. Fully leased to along-standing tenant at $16,500 per month NNN lease, the property offers stable income with an attractive 7.2% cap rate. The property's design provides future flexibility, allowing for division into smaller suites for multi-tenant occupancy if needed. As a condo, it benefits from shared costs for exterior capital improvements, reducing owner responsibility. West Pasco's ongoing growth and the property's strategic location make this an excellent addition to any portfolio, this asset combines immediate returns with long-term potential.

Financial Summary

Cap Rate: 6.57 %
Total Expenses: $0 USD

Public Transportation

Commuter RailDriveWalkDistance
Pasco Amtrak Station (Empire Builder - Amtrak) 11 min - 6.6 mi
AirportDriveWalkDistance
Tri-Cities 10 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Derrick Stricker CCIM/SIOR 509-591-9949 StrickerCRE
Derrick Stricker CCIM/SIOR 509-591-9949 StrickerCRE