For Sale
$4,106,982

291 Bradley BlvdRichland, WA 99352

Class A Office Buildings, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two Class A office buildings totaling 14,208 square feet, situated on Columbia Point in Richland, Washington. Constructed in 2018 and 2019, these buildings boast a desirable location and strong tenancy. The property consists of two buildings: 291 Bradley Blvd (6,152 sq ft) and 299 Bradley Blvd (8,056 sq ft). Building 299 Bradley Blvd is currently occupied by two long-term tenants, one of whom recently signed a five-year lease extension, with negotiations underway for a similar extension with the second tenant. Building 291 Bradley Blvd has 4,152 square feet currently available for lease, with the remaining space occupied by a tenant under a recently renewed five-year lease. Both buildings are zoned C-LB and offer significant potential for return on investment. The asking price is $4,106,982, representing a compelling 6.60% cap rate and a price per square foot of $289.06. The property's strong tenancy, prime location, and modern construction make it an attractive proposition for discerning investors seeking a stable and high-yielding asset. Parcel numbers are 114981012813003 and 114981012813002. The property is located at 291 and 299 Bradley Blvd, Richland, WA 99352.

Highlights

  • Two Class A office buildings totaling 14,208 square feet in Richland, WA.
  • Building 1 (291 Bradley Blvd): 6,152 square feet, built in 2018, Parcel # 114981012813003.
  • Building 2 (299 Bradley Blvd): 8,056 square feet, built in 2019, Parcel # 114981012813002.
  • Strong tenancy with long-term leases and ongoing lease extension negotiations.
  • Asking price: $4,106,982, representing a 6.60% cap rate and $289.06 per square foot.

Property Details for 291 Bradley Blvd

Property type
Office properties
Square Feet
14,208 SF
Class
A
Year Built
2018
Buildings
2

Location Insight

City
Richland
County
Benton
State
Washington
Latitude
46.267721522177
Longitude
-119.26766584358
291 Bradley Blvd, Richland, Washington

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291 Bradley Blvd
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