About This Home
This 0-bedroom, 0-bathroom commercial at 611 W Columbia St in Pasco, WA is listed for $2,450,000. Built in 1960, on a 0.55 acres lot.
Key Features
- Built in 1960
- 0.55 acre lot
- 11 parking spaces
Property Details
MLS# 284669 Cash flows $178,640 annually, with 3% annual increases. See associated docs Property is Occupied by Candy Mountain Academy, a program funded by ESD 123, this property serves as a supportive learning environment for students in kindergarten through 12th grade.
The Academy offers an alternative educational setting focused on early learning subjects and fostering connections within the early learning community.Over $700,000 in improvements have been made to support the program, including new windows, HVAC units, a roof, interior and exterior doors, LED lighting, a secured entry, a fire sprinkler system, and fresh interior and exterior paint.
These upgrades make the facility a secure, attractive, and long-term investment opportunity. The tenant has signed a 10-year absolute triple net (NNN) lease with two 5-year renewal options and 7 years remaining on original term. The lease includes 3% annual rent increases, offering investors a steadily compounding return.Don't miss out on this opportunity to secure a reliable income stream.Note: Listing agents are also owners of the property.
Monthly Cost Estimate
$13,103/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
611 W Columbia St
Pasco, WA 99301
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 611 W Columbia St is listed at $2,450,000. The estimated monthly payment is $13,104 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1960, 0.55 acre lot, 11 parking spaces.
This property is listed by Todd Sternfeld and can be reached at 5095393998.
