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2920 George Washington Way 35,000 SF 100% Leased Office Building Richland, WA 99354 $8,144,301 CAD ($232.69 CAD/SF) 7.80% Cap Rate

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Investment Highlights

Located in Research Park- near tech, research, and professional service companies
Central Pacific Northwest location- easy reach to Washington & Oregon markets
Growing population & economy Tri-Cities projected +7.5% population growth by 2029

Columbia River proximity enhances location appeal
Strong workforce availability- near universities & research labs (WSU Tri-Cities, PNNL)
High median household income- and strong commercial demand

Executive Summary

Prime North Richland Location
Business Research Park (BRP) Zoning
Extensive Remodel in 2019/20
High-Quality Steel Construction
Ample Parking & Quick Interstate Access
Strong Tenant Appeal

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

35,000 SF

Building Class

Year Built

1976

Price

$8,144,301 CAD

Price Per SF

$232.69 CAD

Cap Rate

7.80%

NOI

$635,255 CAD

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)

1 1

Property Taxes

Parcel Numbers	Multiple 82308100000100G 123081013603004	Improvements Assessment	$2,999,509 CAD
Land Assessment	$436,909 CAD	Total Assessment	$3,436,418 CAD