450 Hills St
Richland, WA 99354
Credit Tenant 10% Cap Rate | 100% Leased · Office Property For Sale

Now Accepting Post-Auction Offers! Direct link: https://zetabid.com/auction/two-rivers-property-10 Visit Zetabid.com for property and offering information. Subject to 3% Buyer Premium Broker Cooperation Welcomed at 2% Zetabid is now accepting post-auction offers on the Two Rivers Property, a Class B Office building located in Richland, WA at the confluence of the Yakima and Columbia Rivers. Along with the nearby cities Pasco and Kennewick, RIchland is one of the tri-cities, home to the Hanford nuclear site. The building is 100% occupied by Bechtel, Inc who has been occupying the building over 20 years. Please visit Zetabid.com and our Due Diligence Vault for financials, leases and other purchase information. Bechtel has had a 20+ year stabilizing affect in Richland as the country’s largest construction and engineering company. The federal government has committed to spending at least an additional $1.9 billion on the management and cleanup of nuclear waste in the area. Additionally, current ownership holds fee simple interest in the land and building. The majority of office buildings in Richland are negotiated on long-term land leases. *Please see the Hanford Clean Up Report for details of the size and scope of clean up project. This report provides some historical background and future estimated costs and timelines for completing the “Hanford Clean Up”. There are two bar charts in the report that summarize the range of costs to complete the clean-up and the range of timelines for completing the clean-up. The ranges are $323 Billion to $677 Billion and the time frames range from 2060 to 2085.