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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
MLS #278420
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. Actual Cap Rate 8.2%, Pro-Forma Cap Rate 7.3% (includes a vacancy factor and management fee).
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. Actual Cap Rate 8.2%, Pro-Forma Cap Rate 7.3% (includes a vacancy factor and management fee).
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
35,000 SF
Building Class
B
Year Built
1976
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)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,937,120 | |
| Land Assessment | $249,370 | Total Assessment | $2,186,490 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$249,370
Improvements Assessment
$1,937,120
Total Assessment
$2,186,490
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2920 George Washington Way
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