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4804 West Clearwater Avenue

Marcus & Millichap Sells Kadlec Urgent Care In Kennewick For $3.5 Million
SOLDOffice

Marcus & Millichap Sells Kadlec Urgent Care In Kennewick For $3.5 Million

4804 West Clearwater Avenue

$3,500,000

$492/SF

Building Size

7,111 SF

Asset Type

Office

Closing

Apr 29, 2025

AI

The office property located at 4804 West Clearwater Avenue in Kennewick, WA, was sold for $3,500,000. The asset spans 7,111 square feet, resulting in a price per square foot of $492.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,500,000
  • Square Footage: 7,111
  • Price Per Square Foot: $492
  • Sale Date: 04/29/2025
  • Market: Kennewick, WA
  • Brokers: Michael Babicz & RJ Vara - Marcus & Millichap
  • Buyer Entity: LLC
  • Buyer Purpose: 1031 Exchange
  • Property Usage: Single-tenant asset

Marcus & Millichap facilitated the sale of Kadlec Urgent Care, indicating the involvement of experienced brokers in managing the transaction. The buyer aimed to transition from land ownership to acquiring a cash-flowing asset.

Players

RJ Vara

Marcus & Millichap

Broker

$75.1M

vol

13 deals

Broker

Kennewick Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93