450 Hills St Richland, WA 99354
Fully occupied Class B office building with AAA tenant.
Building Details
- Year built
- 1974
Source:
Naiglobal
Listing Agent: Conor Finucane
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Richland Office Building For Sale
This fully occupied Class B office building features an AAA tenant. The property is located in Richland, part of the Tri-Cities area, which has a population exceeding 50,000. The building is situated within the boundaries of the Tri-Cities Research District, a 1,700-acre mixed-use area comprising approximately 3.4 million square feet of office, laboratory, and light manufacturing spaces. National firms, as well as state and federal government agencies, lease or own space in the district, primarily to service the energy industry. The anchor tenant, Bechtel Inc., signed a new five-year term in January 2017. Bechtel has had a stabilizing effect in Richland for over 20 years 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, including the 586 square mile Hanford Site, with ongoing work projected through 2040. The current ownership holds fee simple interest in the land and building. The price per square foot is well below replacement cost.
Location Intelligence
Current Use by Public Records
Hanford Vit Plant
Construction Company
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.271557
- Latitude
- 46.3393635
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FAQs
What type of property is this?
Office building - Fully occupied Class B office building with AAA tenant.
Where is this office building located?
The property is located at 450 Hills St Richland, WA.
What is the asking price?
The asking price for this property is $13,050,000.
What are key features of this property?
This property features: - Strong Anchor Tenant: Bechtel Inc with a new 5-year term.; - Offered free and clear of debt.; - Located in the Tri-Cities Research District.
