Marcus and Millichap is pleased to present this single-tenant warehouse/distribution facility that is fully leased to Wesco Distribution in Kennewick, Washington. The building was built in 1997 and sits on 1.50 acres within the Kennewick Industrial Park, and adjacent to the future Vista Field redevelopment.
Wesco Distribution is number 370 on the Fortune 500 and has annual revenues in excess of $7.5 billion. They have operated at this property since its construction in 1997, and recently executed a seven-year lease renewal, showing their continued commitment to the market and this location. Wesco operates under a NN lease, and self-manages the property, giving the landlord ease of management with minimal responsibilities.
Kennewick Lies in the southeastern part of Washington and is the most populated of the three cities that make up the Tri-city area. The Tri-city area is also known for its substantially lower cost of living than its neighbors to the west, Seattle and Portland. Among the City’s economic drivers, the most notable is the nearby Handford Nuclear Site, a nuclear power plant and decommissioned nuclear production complex which situated nine miles to the south of Kennewick.
Kennewick carries a current population of over 80,000 residents. The Tri-Cities MSA is home to over 250,000 residents. With a diverse local economy, based in tech, tourism and agriculture, the City and MSA are well-positioned for future growth.
BROKER OF RECORD
Joel Deis
Marcus & Millichap
601 Union Street, Suite 2710
Seattle, WA 98101
Tel: 206-826-5700
Fax: 206-826-5710
License: 25469
