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450 Hills Street - Availability Details

450 Hills Street, Richland, WA 99354

  • For Sale $13,050,000
  • Property Type Office - General Office
  • Property Size 62,375 SF
  • Lot Size 4.29 Acre
  • Parking Spaces Avail. 235
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1974
  • Date Updated Mar 22, 2022
Richland is one of the Tri-Cities, home to the Hanford nuclear site. Two Rivers is located within the boundaries of the Tri-Cities Research District. The Research District is comprised of a 1,700 acre mixed-use area composed of approximately 3.4 million square feet of office, laboratory, and light manufacturing. National firms as well as State and Federal government agencies lease or own space in the district primarily to service the energy industry.
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Location

  • City Richland, WA
  • Neighborhood Richland
  • Zip Code 99354
  • Market Tri Cities

Contacts

broker

Conor Finucane

NAI Commercial BC

(604) 691-6604

Highlights

  • Strong Anchor Tenant: Bechtel Inc
  • Term: New 5 year term signed January 2017
  • Excellent location: Located in Richland, part of the Tri-Cities whose population exceeds 50,000
  • Economic Anchor: Bechtel has had a 20+ 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.

Frequently Asked Questions

What year was 450 Hills Street built and finished?

450 Hills Street was completed in 1974.

Attachments

Contact Listing Broker

broker

Conor Finucane

NAI Commercial BC

(604) 691-6604

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