BANK OF AMERICA FINANCIAL CENTER
[Pages:16]BANK OF AMERICA FINANCIAL CENTER
3420 W. KENNEWICK AVE KENNEWICK, WA 99336
Rob Ellsworth, CCIM Senior Advisor
509.430.2378 rob.ellsworth@
SVN | Retter & Company | 329 N. Kellogg, Kennewick, WA 99336
OFFERING MEMORANDUM
PROPERTY INFORMATION
3
Executive Summary Property Description Additional Photos
LOCATION INFORMATION
7
Regional Map Location Maps
Aerial Map Financial Summary
FINANCIAL ANALYSIS
12
Income & Expenses Rent Roll
DEMOGRAPHICS
15
Demographics Map
SVN | Retter & Company | 329 N. Kellogg, Kennewick, WA 99336
OFFERING MEMORANDUM
FOR SALE | RETAIL
BANK OF AMERICA FINANCIAL CENTER
3420 W. Kennewick Ave | Kennewick, WA 99336
1 PROPERTY 1 PROPERTY INFORMATIIONNFORMATION
3420 W. Kennewick Ave Kennewick, WA 99336
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
All SVN? Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SVN | Retter & Company | Page 3
Executive Summary
OFFERING SUMMARY Sale Price:
$1,380,000
Cap Rate:
6.26%
NOI:
$86,324
Lot Size:
1.77 Acres
Year Built:
1978
Building Size:
14,802
Zoning:
Commercial General
Traffic Count:
10,344
Price / SF:
$93.23
PROPERTY OVERVIEW NNN Leased Investment Sale
PROPERTY HIGHLIGHTS ? Bank of America Occupied ? Single Tenant Lease ? Tenant Has Long History at Location ? 16 Options to Renew at 5 Years Each ? Priority Location for Tenant ? Opportunity For Value Add By Leasing 2nd Floor Office Space (4,681 sf) ? High Deposit Location (over $120,000 Daily)
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
SVN | Retter & Company | Page 4
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN? offices are independently owned and operated.
Property Description
PROPERTY OVERVIEW Building has long history with Bank of America. Site was originally built and leased as SeaFirst Bank. Has continually been leased as a bank since it's construction. SeaFirst was merged into Bank of America in 1983. This location has been a high volume, high deposits location from the beginning. LOCATION OVERVIEW Prime corner lot location. Ample parking with 4 drive through spaces. Site has 70 parking spaces.
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
SVN | Retter & Company | Page 5
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN? offices are independently owned and operated.
Additional Photos
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
SVN | Retter & Company | Page 6
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN? offices are independently owned and operated.
FOR SALE | RETAIL
BANK OF AMERICA FINANCIAL CENTER
3420 W. Kennewick Ave | Kennewick, WA 99336
2 LOCATION 2 LOCATION INFORMATIOINNFORMATION
3420 W. Kennewick Ave Kennewick, WA 99336
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
All SVN? Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SVN | Retter & Company | Page 7
Regional Map
Bank of America Financial Center
BANK OF AMERICA FINANCIAL CENTER | 3420 W. KENNEWICK AVE KENNEWICK, WA 99336
SVN | Retter & Company | Page 8
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN? offices are independently owned and operated.
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