10 West Mead Ave. Yakima, WA 98902
10 West Mead Ave.
Yakima, WA 98902

10 West Mead is a 3 building 265,564 SF facility with 8 unique parcels totaling 22.95 acres. The site is zoned for manufacturing/food uses. Constructed in phases from 1965 to the early 1990’s, the fully leased facility offers an investor or an owner/user the opportunity to acquire a strategic, stabilized apple packaging and storage facility with land area 

for expansion or storage at an offer price well below replacement cost. The property is served by both truck as well as Columbia Basin Railroad, a shortline provider with connection to the UPRR and BNSF. 



• The main building, a 175,236 SF facility, is comprised of 75,894 SF of apple packing areas, 92,788 SF of controlled atmosphere and cooler space, with the remainder of the space dedicated to office, employee areas, and truck and rail loading. The building has in excess of 1,000 amps of power distributed throughout the main packing area. The building has 4 dock loading positions and 3 rail doors adjacent the dock positions. There are also grade level doors located at the South and West. Clear heights vary from 18-24+ feet depending on area and related use. There are approximately 80 employee parking spaces located adjacent the north elevation of the building.



• Complex B is a 48,480 SF controlled atmosphere storage facility with capacity for 24,420 storage bins, located on 3.51 acres with an adjoining 1.99 acre level parcel for either expansion or bin storage. 



• Complex C is a 41,848 SF controlled atmosphere facility with capacity for 19,070 bins with an adjoining vacant, level 8.25 AC parcel. 



• A truck scale and attendants’ structure is located between the Main Building and Complex C and included should a buyer purchase the entire site. Water and sewer services are provided by the City of Yakima Public Utilities. Electricity is supplied by Pacific Power, natural gas by Cascade Natural Gas.



INVESTMENT HIGHLIGHTS

The fully leased property provides an investor the opportunity to secure a fully leased property at price approximately 30% below replacement cost, with additional land that can be used for future development or outside storage.

OFFER PROCESS & DEADLINE

The property will be available for user or investor tours until July 20, 2021. Offers to purchase may be presented until that time and will be reviewed upon presentation with ownership reserving the right to accept any offer. All proposals will be considered in due course and may receive a counter or response no later than July 26, 2021

PROPERTY DESCRIPTION


ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION:

ZONING

APN

10 West Mead Ave.
Yakima, WA 98902

-

-

265,564 SqFt

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-

-

-

OFFERING SUMMARY


SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$12,500,000

-

-

-

-

-

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PROPERTY DESCRIPTION


ADDRESS:

10 West Mead Ave.

CITY, STATE, & ZIP:

Yakima, WA 98902

UNITS:

-

YEAR BUILT:

-

BUILDING SF:

265,564 SqFt

TYPE:

-

CONSTRUCTION:

-

ZONING:

-

APN:

-

OFFERING SUMMARY


SALE PRICE:

$12,500,000

PRICE PER UNIT:

-

PRICE PER SF:

-

CAP RATE:

-

MARKET CAP RATE:

-

GRM:

-

MARKET GRM:

-

DEMOGRAPHICS


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POPULATION

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HOUSEHOLDS

-

MEDIAN AGE

-

AVERAGE INCOME

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