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.
Our specialties include luxury homes, relocations, estate sales, and investment properties. With nearly 100 dedicated professionals across six offices in North Central Washington—Chelan, Goldendale, Oroville, Wenatchee, Winthrop, and Yakima—we offer unmatched local expertise and a powerful network to guide clients through every step of the real estate process. Backed by over 40 years of proven success and industry recognition, we deliver service rooted in integrity, excellence, and innovation.
Contact Us135 N Mission Street Wenatchee WA 98801
