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Independence Square 1766 Fowler St 28,132 SF 84% Leased Office Building Richland, WA 99352 $2,750,000 ($97.75/SF) 8.25% Cap Rate

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Executive Summary

This is a rare opportunity to own/occupy and inherit a national tenant all in one shot. This office building on Fowler is easily accessible, has ample parking and has had extensive updating inside and out. The ProForma Financial Evaluation has this coming in at only an 8.25% cap rate.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

28,132 SF

Building Class

Year Built

1979

Price

$2,750,000

Price Per SF

$97.75

Cap Rate

8.25%

NOI

$226,875

Percent Leased

84%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

11,065 SF

Building FAR

0.76

Lot Size

0.85 AC

Zoning

Parking

39 Spaces (1.92 Spaces per 1,000 SF Leased)

Manufacturing
-
$9.99
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