206-208 W Poplar St - Office FOR SALE


Walla Walla, WA 99362
$2,320,000 USD
509-570-7447
206-208 W Poplar St, Walla Walla, WA for Sale
$2,320,000 USD
Office - FOR SALE
1/2
null | 7.92% Cap Rate

206-208 W Poplar St
Walla Walla, WA 99362


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.

FOR SALE DETAILS

PRICE

$2,320,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant WA State Leased Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

Central Commercial (CC)

APN/PARCEL ID

360720771609,360720771610,360729520603,360729520605,360729520606

ASK ABOUT THIS PROPERTY

Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

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Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.