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
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