Two Rivers

Highlights

• Strong Anchor Tenant: Bechtel Inc
• 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.

Description

MLS 260265 - 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.
Numerous business parks, campuses, and housing developments make up the immediately surrounding areas, including the Stevens Center with tenants like the Department of Energy, CH2M, and Fluor; University Park with several multifamily structures; and the beginnings of the Richland Innovation Center, which has the following partners working toward its development: WSU Tri-Cities, Pacific Northwest National Laboratory, and the Port of Benton.
Battelle has its own 220 acre campus to the northwest of Two Rivers, improved with over 1M square feet of laboratory and office space. Battelle has invested over $530m into that campus since 1997.
Washington State University’s Tri-Cities 190 acre campus lies to the south of the Energy Northwest properties. That campus has continued to grow as WSU has developed additional science, agricultural, technology, and engineering studies in the area.

Located in Richland, WA at the confluence of the
Yakima and Columbia Rivers. Along with the nearby cities Pasco and
Kennewick, Richland is one of the Tri-Cities, home to the Hanford nuclear site.
The 2017 population was estimated at 56,243 residents.

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