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3311 W Clearwater Ave 71,376 SF 100% Leased Office Building Kennewick, WA 99336 $7,300,000 ($102.28/SF) 6.86% Cap Rate
EXECUTIVE SUMMARY
Clearwater West | Multi-Tenant Investment
Showcasing over 71,000 SF across three architecturally distinctive buildings, this established professional center occupies a prime location along one of Kennewick’s main arterials. Set on nearly five acres with mature landscaping and abundant parking, the property combines timeless design with enduring functionality. A diverse and stable tenant mix, including government agencies, nonprofits, salon suites, and boutique retail, has contributed to the center’s consistent performance and long-term appeal. Legacy occupants such as the Washington Department of Licensing, Domestic Violence Services, and Aging & Long Term Care of SE Washington underscore its institutional reliability.
With current rents below market, this income-producing asset presents investors with an exceptional opportunity to realize meaningful NOI growth through proactive marketing of vacancies, strategic lease renewals, and thoughtful management optimization in one of the Tri-Cities’ most dynamic commercial corridors.
Key Tenants Include:
- Building B: Washington Department of Licensing ±7,676 Sq Ft
- Building C: Domestic Violence Services ±6,143 Sq Ft Building
- Building D: Aging & Long Term Care of SE WA ±11,102 Sq Ft
*Contact Listing Brokers for Full Rent Roll*
Showcasing over 71,000 SF across three architecturally distinctive buildings, this established professional center occupies a prime location along one of Kennewick’s main arterials. Set on nearly five acres with mature landscaping and abundant parking, the property combines timeless design with enduring functionality. A diverse and stable tenant mix, including government agencies, nonprofits, salon suites, and boutique retail, has contributed to the center’s consistent performance and long-term appeal. Legacy occupants such as the Washington Department of Licensing, Domestic Violence Services, and Aging & Long Term Care of SE Washington underscore its institutional reliability.
With current rents below market, this income-producing asset presents investors with an exceptional opportunity to realize meaningful NOI growth through proactive marketing of vacancies, strategic lease renewals, and thoughtful management optimization in one of the Tri-Cities’ most dynamic commercial corridors.
Key Tenants Include:
- Building B: Washington Department of Licensing ±7,676 Sq Ft
- Building C: Domestic Violence Services ±6,143 Sq Ft Building
- Building D: Aging & Long Term Care of SE WA ±11,102 Sq Ft
*Contact Listing Brokers for Full Rent Roll*
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
71,376 SF
Building Class
B
Year Built/Renovated
1977/2003
Price
$7,300,000
Price Per SF
$102.28
Cap Rate
6.86%
NOI
$500,625
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
35,688 SF
Building FAR
0.33
Lot Size
4.96 AC
Zoning
General Commercial
Parking
304 Spaces (4.26 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Blush Boutique
- Retailer
- -
- -
- -
- -
- Cascade Hybrids Inc
- Retailer
- -
- -
- -
- -
-
- Information
- -
- -
- -
- -
For nearly 30 years, they’ve built our reputation as the best in the industry by providing outstanding customer experiences. What started as a single location in Knoxville, TN has since grown to nearly 800 stores across 40 states with over 7,000 team members. Even as they’ve expanded, their core values have remained the same. They emphasize hard work, collaboration, and striving for mutual success at every corner of their company.
- Domestic Violence Service-Benton
- Health Care and Social Assistance
- -
- -
- -
- -
- Drivers License Division
- Public Administration
- -
- $17.00
- Triple Net
- Jan 2011
- J & J Ventures
- Services
- -
- -
- -
- -
- Larry Dickman
- -
- -
- -
- -
- -
- Rockwalla It
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
-
- -
- -
- -
- -
- -
- Yoga Community
- Educational Services
- -
- $16.00
- Triple Net
- Mar 2011
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Blush Boutique | Retailer | - | - | - | - | |
| Cascade Hybrids Inc | Retailer | - | - | - | - | |
|
|
Information | - | - | - | - | |
| Domestic Violence Service-Benton | Health Care and Social Assistance | - | - | - | - | |
| Drivers License Division | Public Administration | - | $17.00 | Triple Net | Jan 2011 | |
| J & J Ventures | Services | - | - | - | - | |
| Larry Dickman | - | - | - | - | - | |
| Rockwalla It | Professional, Scientific, and Technical Services | - | - | - | - | |
|
|
- | - | - | - | - | |
| Yoga Community | Educational Services | - | $16.00 | Triple Net | Mar 2011 |
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 103891020005005 | Improvements Assessment | $5,397,560 |
| Land Assessment | $1,070,930 | Total Assessment | $6,468,490 |
PROPERTY TAXES
Parcel Number
103891020005005
Land Assessment
$1,070,930
Improvements Assessment
$5,397,560
Total Assessment
$6,468,490
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3311 W Clearwater Ave
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