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Listed by Coldwell Banker Cascade Real Estate
$ 289,000
Est. payment | /mo
2,000 SqFt
$ 289,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $144
MLS Listing ID 508198034
Year Built 1948
Annual Tax Amount $1,110
Tax Year 2026
Property Sub-Type Office
Property Description
WA State-Leased Office Building with 8.0% Cap Rate Leased Through 2031 Rare opportunity to acquire a stabilized, single-tenant investment property in downtown Goldendale leased to the Washington State Employment Security Department (ESD) under a recently renewed lease extending through October 31, 2031. This professionally maintained office building provides dependable, long-term income backed by a State of Washington agency, offering investors the security and predictability of an affordable and high-return government-leased property. The property features quality office space, dedicated parking, excellent visibility, and a prominent Main Street location serving downtown Goldendale in Klickitat County. With an attractive 8.0% capitalization rate and 10.34 Gross Rent Multiplier, the property delivers strong in-place cash flow and a compelling risk-adjusted return. The long remaining lease term minimizes vacancy concerns while providing stable passive income with minimal management requirements. Government-leased assets with this combination of yield, lease term, and credit-quality tenancy are rarely available. Ideal for 1031 exchange buyers, retirement portfolios, and investors seeking reliable income and long-term stability. An exceptional opportunity to acquire a high-quality office investment backed by one of Washington's most creditworthy tenants.
Location
State WA
County Klickitat
Area _108
Zoning Busines
Interior
Heating Forced Air, Heat Pump
Cooling Heat Pump
Exterior
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing CallListingAgent
Listing Terms CallListingAgent
Nearby Locations
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