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Courtesy: NAI Tri-Cities Commercial

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• Price:

  • $11,500,000

• Listing #:
  • 260265
• Class:
  • Commercial
• Status:
  • Active
• Type:
  • Office
• Apx. SqFt:
  • 62,375
• # of Acres:
  • 4.29
• Sale/Rent:
  • For Sale
• Year Built:
  • 1974
• Address:
  • 450 Hills St
• City:
  • Richland
• County:
  • Benton
• State:
  • WA
• Zip:
  • 99354

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Description

MLS# 260265 Strong Anchor Tenant: Bechtel Inc. Recent renewal for 5 years Economic Anchor: Bechtel has had a 30+ year stabilizing affect in Richland as the country’s largest construction and engineering company. Government Stabilization: The federal government has committed to spending at least an additional $1.9 billion on the management and cleanup of nuclear waste including the 586 square mile Hanford Site whose ongoing work is projected through 2040.No Debt: The property is being offered free and clear of debt allowing investors the opportunity to take advantage of today’s low interest rates. Below Replacement Cost: The price per square-foot is well below replacement cost. Fee Simple Land: 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.

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