Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale the Department of Social & Health Services (DSHS) strategically located in the rapidly growing Seattle-Tacoma MSA. The Property was a build-to-suit for DSHS in 1994, features a large 2.93-acre lot with ample parking, and recently received over $715,000 in property improvements. DSHS has occupied the property for nearly 30-years and recently signed a new 5-year lease at a 13.5% increase over the previous lease. DSHS has 1, 5-year option at fair market rent, which ensures rent will continue to hedge against inflation. The surrounding area is densely populated, with over 256,000 residents within a 5-mile radius and a average household income exceeding $80,000. The Property benefits from its proximity to I-5 (140,000+ VPD), E 72nd St (25,400+ VPD), and Portland Ave (13,400+ VPD), with strong foot traffic via the 72nd St. E Transit Center. The transit center supports 6 bus lines that efficiently bring individuals in need of DSHS services to the department. The Property is next to national retail tenants such as Safeway, Big Lots, Dollar Tree, O’Reilly Auto Parts, and Fred Meyer.