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Clayton Brown
Direct: (206) 826-5787
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Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
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FOR SALE - Listing #: 709957
Washington State Department of Health and Social Services
1651 - 0 Pilgrim St , Moses Lake WA98837
32,800 Available SF 32,800 SF
Agent Remarks
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%
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County
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Grant
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Market Area
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Grant County
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Tax ID #
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110868400
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Price
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$ 7,680,000
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Property Details
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Prop Type
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Office
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# Floors
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1
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Bldg SF
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32,800
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Year Built
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2015
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Land SF
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142,006
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# Bldgs
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1
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Acres
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3.26
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# Parking Spaces
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0
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Office Class
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C
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Informational Links
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