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Independence Square 1766 Fowler St 39,308 SF 52% Leased Office Building Richland, WA 99352 $2,750,000 ($69.96/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
39,308 SF
Building Class
B
Year Built
1979
Price
$2,750,000
Price Per SF
$69.96
Cap Rate
8.25%
NOI
$226,875
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,065 SF
Building FAR
1.06
Lot Size
0.85 AC
Zoning
CG
Parking
39 Spaces (1.92 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Manufacturing - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste A
  • 2,130 SF
  • Office
  • Full Build-Out
  • Now

Main Floor Space

  • 1st Fl-Ste B
  • 2,278 SF
  • Office
  • Full Build-Out
  • Now

Main Floor Space

  • 2nd Fl-Ste C
  • 2,103 SF
  • Office
  • Full Build-Out
  • Now

2nd Floor Space

  • 2nd Fl-Ste D
  • 2,278 SF
  • Office
  • Full Build-Out
  • Now

2nd Floor Space

Space Size Space Use Condition Available
1st Fl-Ste A 2,130 SF Office Full Build-Out Now
1st Fl-Ste B 2,278 SF Office Full Build-Out Now
2nd Fl-Ste C 2,103 SF Office Full Build-Out Now
2nd Fl-Ste D 2,278 SF Office Full Build-Out Now

1st Fl-Ste A

Size
2,130 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste B

Size
2,278 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste C

Size
2,103 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste D

Size
2,278 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste A

Size 2,130 SF
Space Use Office
Condition Full Build-Out
Available Now

Main Floor Space

1st Fl-Ste B

Size 2,278 SF
Space Use Office
Condition Full Build-Out
Available Now

Main Floor Space

2nd Fl-Ste C

Size 2,103 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Floor Space

2nd Fl-Ste D

Size 2,278 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Floor Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
129992020000002
Land Assessment
$217,440
Improvements Assessment
$1,158,390
Total Assessment
$1,375,830
  • Listing ID: 38491509

  • Date on Market: 11/18/2025

  • Last Updated:

  • Address: 1766 Fowler St, Richland, WA 99352

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