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Washington Enterprise Services (DES), Dept. of·Washington

Market Search - Seeking Tenancy - Everett College - Snohomish County

Closes 5/5/2028$1.5M – $2.5MRequest for ProposalLogin required
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Description

The State of Washington, through the Department of Enterprise Services, is seeking a tenant to lease approximately 14,000 sq ft of classroom‑type space on the Everett Community College campus for a Early Learning Center. The lease will be a modified‑gross arrangement with a minimum term of five years (up to ten years optional) and includes shared responsibility for utilities, janitorial services, and parking. The tenant must provide licensing, insurance, and a curriculum aligned with early‑childhood standards. The space includes up to 25 parking stalls at $20 per stall per month.

Attached files

Contact

Jim Hickman(Leasing Agent)

[email protected]

(360) 701-0749

Key dates

Opened
5/6/2026
Closes
5/5/2028
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
25-06-167

Budget estimate

$1,500,000 – $2,500,000

Based on the market rent range cited in the proposal document ($25‑$30 per sq ft per year), a 14,000 sf space would generate roughly $385,000 – $420,000 in annual rent. Adding parking fees (~$6,000 / yr) and shared utility/janitorial cost‑shares, total annual revenue to the lessor could be about $400,000‑$430,000. Over the minimum five‑year term, the contract value would range from approximately $1.5 million to $2.5 million, depending on final rent negotiation, utility rates, and any tenant‑improvement incentives.

AI estimate from the solicitation

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