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2920 George Washington Way

35,000 SF 100% Leased Office Building Richland, WA 99354 $5,950,000 ($170/SF)

Executive Summary

FULLY LEASED 35,000 SF – Multi-tenant building in North Richland on deeded ground, comprising of extensively remodeled (circa 2020) office and high bay space with two at grade 14 x16 roll up doors. Zoning is Business Research Park (BRP). Modified Gross leases, Tenants pay power. 2023 Actual Cap Rate 8.0%, Pro-Forma Cap Rate 7.1% (includes a vacancy factor and management fee).

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
35,000 SF
Building Class
B
Year Built/Renovated
1976/2021
Price
$5,950,000
Price Per SF
$170
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,500 SF
Building FAR
0.43
Lot Size
1.88 AC
Zoning
B-RP - Business Research Park
Parking
145 Spaces (4.14 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 82308100000100G
  • 123081013603004
  • 82308100000100F
Land Assessment
$249,370
Improvements Assessment
$3,840,840
Total Assessment
$4,090,210
  • Listing ID: 32936483

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 2920 George Washington Way, Richland, WA 99354

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