is located in Kennewick, WA. It was built in 2006. This multi-tenant, 3-story building has 12 suites. It houses a diverse tenancy of medical and professional services. This property is a perspective addition to the ECP Opportunities Fund I, LP. The property will be 1031 Exchange eligible. Interested accredited investors may request a copy of the Prospectus.
The population has increased by 1,538 since 2020, reflecting an annual increase of 0.45%. The population is projected to increase an additional 1,881 by 2029, reflecting 0.45% annual population growth.
Employment
Area Employees
38,928
5.61% Unemployment rate
Top industries within the area are:
Professional & Business Services; Trade, Transportation, Utilities; Government; and Agricultural, which represent a combined total of 62% of the private workforce.
Income
Average Household Income of $90,836
Median Household Income of $70,429
Of those over 25, 61.15% pursued some level of higher education earning an average of $66,961 compared to the overall average of $47,341.
Access
Primary access is via US-395; the building is located on the corner of W 27th Ave and S Union St.
These are the main arterials in Kennewick, offering access to employees and customers. Access through the surrounding neighborhood is good.
Total Proceeds
$5,720,000
Investment Summary
Sources of Funds
$3,930,000
$1,790,000
Total Sources of Funds
$5,720,000
Frequently Asked Questions
Who is Equilus Capital Partners?
Equilus Capital Partners, LLC (ECP) is a private capital equity firm, investing its members’ holdings in income-producing real estate throughout the Pacific Northwest. We believe that the power of real estate in an investment portfolio can add stability for the best long-term performance. The economy may have its ups and downs, but real estate will continue to be an essential part of our livelihood.
Where Do We Invest?
Our management team sources investment opportunities through income-producing properties and joint-ventures with real estate developers to create a robust and diverse portfolio. We choose from properties such as:
Multi-family rental units, planned unit developments, condominiums and townhouses
Vacation rentals, including hotels, condominiums and recreational facilities
Commercial developments, including office, professional, medical, and retail
Who Owns the Assets?
The real estate underlying assets are owned entirely by the investment membership base. In other words, members own portions of the properties relative to their investment. Income generated by the property is issued in quarterly dividends. Tax deductions from expenses and other tax benefits are also passed through to the members.
How Do I Purchase the Interests?
If you are an accredited investor, you may request a copy of the Memorandum and carefully read it, including all the exhibits. Then, you must complete the Purchaser Questionnaire, and other required documents that are included in the Memorandum. You are strongly encouraged to engage independent legal counsel in connection with the purchase of the Interests, including reviewing the documents related to the acquisition of the Interests.
Intended for accredited investors only. Past performance is no guarantee of future results. The data in this flyer may be subject to change. Interested buyers or investors should further evaluate to determine the actual potential.
