No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein, and same is submitted subject to errors, omissions, change of price, rental, or other conditions and withdrawal without notice. Buyer is responsible for independently verifying all presented information.
3) Confidentiality & Disclaimer 4) Executive Summary 5) Property Overview 6) CAP Rate Overview 7) Aerial Map Site Plan 8) Floor Plan 9) Tenant Profile 10) Tenant Profile- Long-term, Relationships and Blue Chip Customer Base 11) Tri-Cities Accolades 12) Contact Information
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from an NAI Tri-Cities Commercial Real Estate, LLC. This marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a primarily level of interest in the subject property. The information contained herein is not a substitute for a through due diligence investigation. NAI Tri-Cities Commercial Real Estate, LLC and Windermere Group One has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NAI Tri-Cities Commercial Real Estate, LLC and Windermere Group One have not conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.
The property is in Horn Rapids Industrial Park, which is just northwest of Richland, Washington. Robertson Road is located on the Outer Edge and is adjacent to Hanford Site Project and Pacific Northwest National Laboratories (PNNL). It is one of the closest Engineering and Fabrication facilities to the Hanford Site. The property is conveniently accessed by Highway 240, a primary east-west roadway that intersects Highway 182 three miles south of the property. This is a geographically strategic location due to its proximity to the Hanford Site and PNNL. Several years ago, the Hanford Site s purpose was to produce Plutonium in support of WWII and the Cold War. In recent years, the focus has been on the cleanup of the site with new facilities to encapsulate and permanently dispose nuclear and toxic waste. The Federal Government has been investing approximately $2 billion annually toward Hanford cleanup. Current estimates anticipate cleanup activities will be completed by FY 2050 with a total remaining cost of more than $100 billion. The Pacific Northwest National Laboratory is a diverse scientific and research entity working in a variety of disciplines and organizations, ranging from energy research, medical, genetics and homeland security areas, as examples. Currently funded approximately $1 billion annually, PNNL has the highest number of employees in the Tri-Cities region. This property consists of a 35,220 square foot building (approximately 12,690 space of Professional Office Space and a 22,530 square foot manufacturing, testing and design/build workspace). The exterior has a 30,000 square foot lay-down area. The building s exterior consists of metal siding and roof. The western section of the property is fenced/gated with a large lay-down yard.
Price: $4,700.000.00 Annual Rental Escalations: 1% Lease Extension Date: April 1, 2012 Lease Expiration Date: Tenant: Year Built: Type: June 31, 2023 (+ option to extend 5 years) Mid Columbia Engineering 2006, with modifications since construction to accommodate testing equipment NNN Building Square Footage: 35,220 Land Size: 2.62 Acres No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein, and same is submitted subject to errors, omissions, change of price, rental, or other conditions and withdrawal without notice. Buyer is responsible for independently verifying all presented information.
CAP Rates Sale Price= $4,700,000.00 Date Monthly NOI CAP RATE Rent July 2016 $33,119.30 $397,431.65 8.46% July 2017 $33,450.50 $401,405.96 8.54% July 2018 $33,785.00 $405,420.02 8.63% July 2019 $34,122.85 $409,474.22 8.71% July 2020 $34,464.08 $413,568.97 8.80% July 2021 $34,808.72 $417,704.66 8.89% July 2022 $35,156.81 $421,881.70 8.98% No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein, and same is submitted subject to errors, omissions, change of price, rental, or other conditions and withdrawal without notice. Buyer is responsible for independently verifying all presented information.
First Floor Second Floor
The property is tenanted by Mid Columbia Engineering, Inc. (MCE), a Washington Corporation. MCE provides engineering design, testing, manufacturing and consulting services to the United States Department of Defense (DOD), the United States Department of Energy (DOE) contractors at the Hanford Site and PNNL, as well as other national laboratory and federal work sites across the country. Through the years, MCE has diversified and expanded into an extensive range of products, services and associated areas of expertise. They also provide technical staff support to nuclear and other industries nationally. MCE maintains a fully implemented ASME NQA-1 (2004) quality assurance program and produces custom electrical panels with UL 508A and UL 698A certification for control of complex Electro Mechanical Systems. MCE client base includes local, state, and federal government agencies, municipalities, and extensive private sector clientele.
No warranty or representation, expressed or implied, is made as to the accuracy of information contained herein, and same is submitted subject to errors, omissions, change of price, rental, or other conditions and withdrawal without notice. Buyer is responsible for independently verifying all presented information.