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Washington State Department of Health and Social Services

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Washington State Department of Health and Social Services

1651 Pilgrim St, Moses Lake, WA 98837
Office For Sale Available Built 2015 1 floors Zoning: Commercial
Asking Price
$7,680,000
Total Building32,800 SF
Available32,800 SF avail
Land142,006 SF land
MarketGrant County
CountyGrant

Read Overview
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Overview

Property ID
302558
Listing ID
709957
Type
Office
Asset Class
Office
Zoning
Commercial

Description

We have been selected to exclusively market for sale the Department of Social & Health Services (DSHS) facility located in the rapidly growing Moses Lake, Washington, sub-market. This Property was a build-to-suit location for DSHS, situated on a spacious 3.26-acre lot with ample parking (roughly 185 parking stalls). Prior to closing, the Seller will be completing renovations throughout the entire property including: parking lot, landscaping, HVAC maintenance, and lighting throughout the facility. DSHS recently renewed their lease for an additional five years, with a notable 17.5% rental increase over the previous term. The lease is guaranteed by the State of Washington, which has a Fitch rating of AA+. Moses Lake currently boasts a low 2.3% vacancy rate, with rental rates increasing 12.5%

Documents

Listing Courtesy of:

CB
Clayton Brown
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Moses Lake ZIP: 98837 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.