Marcus & Millichap Arranges $7.23 Million Sale of Washington State Government-Leased Property in Moses Lake

MOSES LAKE, Wash., June 29, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 24,240-square-foot office property leased to the Washington State Department of Social and Health Services (DSHS) in Moses Lake. The property sold for $7.2M under a Washington State (Fitch: AA+) guarantee.

Built in 2015 as a build-to-suit facility for DSHS, the property sits on 3.26 acres. Prior to the sale, ownership completed renovations to the parking lot, landscaping, lighting, and HVAC systems. DSHS recently renewed its lease for an additional five years with a 17.5% rent increase over the previous term. Ideally positioned off State Highway 17, a major Moses Lake arterial; the property is approximately one mile from Interstate 90, the nation's largest and most trafficked Interstate.

"The sale reflects continued investor confidence in Moses Lake's commercial real estate market, which benefits from a growing regional economy, expanding population and strong demand for well-located commercial assets," said Clayton Brown, senior managing director investments and managing partner of The Brown Group. "As the primary service and employment hub for much of Grant County, Moses Lake continues to attract investment across multiple property sectors, supported by its transportation infrastructure, diverse employment base and long-term growth prospects."

Brown and The Brown Group of Marcus & Millichap exclusively marketed the property on behalf of the seller, a Washington state government developer, and procured the buyer, an experienced Washington state government investor.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.