Skip to main content

Single-Tenant Office

Single-Tenant WA State Leased Office - Walla Walla

206 W Poplar St, Walla Walla, WA 99362

Listing Price: $2,320,000

Cap Rate
7.92%
Rentable SF
13,720
Lot Size
0.85 acres
Year Built
1970

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Washington State Department of Children, Youth & Families (DCYF) facility located at 206 & 208 W Poplar St in Walla Walla, Washington. The property consists of a standalone office building on 5 separate adjoining parcels totaling 0.85 acres. The property is located in downtown Walla Walla, across the street from Providence St. Mary Medical Center, the largest hospital in the Walla Walla Valley. The historic Marcus Whitman Hotel & Conference Center is located a half mile north of the property, and Whitman College is less than one mile to the northeast.

DCYF occupies the single-tenant building under a modified gross lease with the State of Washington (S&P/Fitch: AA+). The building was originally built-to-suit for the State of Washington and has been continuously occupied ever since. The property is in turnkey condition. As part of the 2024 lease renewal, a full slate of building improvements and renovations were completed. Most recently, the parking lot was resealed and restriped in April 2026. DCYF is a cabinet-level agency that works to support children, youth, and families. It oversees the state's child welfare, juvenile rehabilitation, and early care and education programs.

Investment Highlights

  • State of Washington Lease (S&P/Fitch: AA+)
  • High Yield Investment Opportunity
  • Turn-Key Asset
  • Long-Term Tenancy
  • Prominent Walla Walla Location

Exclusively Listed By

  • Maxwell McDonald

    Senior Director Investments

    (509) 570-7447

    Email Maxwell

    License(s): ID: SP46325, WA: 27702, MT: 93077

    Seattle

  • Jesse K. Fox

    Associate Director Investments

    Email Jesse

    License(s): WA: 23158, ID: BR38082

    Seattle

  • Rolfe Z. Zeisner

    Associate Investments

    (206) 826-5757

    Email Rolfe

    License(s): WA: 25024797

    Seattle

Single-Tenant Office

Single-Tenant WA State Leased Office - Walla Walla

Listing Price: $2,320,000

Cap Rate
7.92%
Rentable SF
13,720
Lot Size
0.85 acres
Year Built
1970

Investment Highlights

  • State of Washington Lease (S&P/Fitch: AA+)
  • High Yield Investment Opportunity
  • Turn-Key Asset
  • Long-Term Tenancy
  • Prominent Walla Walla Location

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Washington State Department of Children, Youth & Families (DCYF) facility located at 206 & 208 W Poplar St in Walla Walla, Washington. The property consists of a standalone office building on 5 separate adjoining parcels totaling 0.85 acres. The property is located in downtown Walla Walla, across the street from Providence St. Mary Medical Center, the largest hospital in the Walla Walla Valley. The historic Marcus Whitman Hotel & Conference Center is located a half mile north of the property, and Whitman College is less than one mile to the northeast. DCYF occupies the single-tenant building under a modified gross lease with the State of Washington (S&P/Fitch: AA+). The building was originally built-to-suit for the State of Washington and has been continuously occupied ever since. The property is in turnkey condition. As part of the 2024 lease renewal, a full slate of building improvements and renovations were completed. Most recently, the parking lot was resealed and restriped in April 2026. DCYF is a cabinet-level agency that works to support children, youth, and families. It oversees the state's child welfare, juvenile rehabilitation, and early care and education programs.

Exclusively Listed By

  • Maxwell McDonald

    Senior Director Investments

    (509) 570-7447

    Email Maxwell

    License(s): ID: SP46325, WA: 27702, MT: 93077

    Seattle

  • Jesse K. Fox

    Associate Director Investments

    Email Jesse

    License(s): WA: 23158, ID: BR38082

    Seattle

  • Rolfe Z. Zeisner

    Associate Investments

    (206) 826-5757

    Email Rolfe

    License(s): WA: 25024797

    Seattle

MM Texture Background
MM Textured Background Lower