The Banks on Bradley
Exclusive Multifamily Opportunity
355 Bradley Blvd | Richland, WA 99353
OPPORTUNITY
Berkadia Seattle is pleased to present The Banks on Bradley, a 144-unit luxury garden-style community in Richland, Washington.
The offering is enhanced by assumable, below-market financing, providing investors with immediate in-place debt and a meaningful capital advantage in the current interest rate environment. The existing loan features a 5.11% interest rate, creating a highly attractive financing structure relative to newly originated debt.
Positioned along the Columbia River, the property offers a rare combination of modern construction, premium riverfront views, and one of the most desirable residential settings in the Tri-Cities. Banks on Bradley stands apart within the Richland submarket, where new construction of this quality in a riverfront location is exceptionally limited. The community also benefits from a highly connected location near the Columbia River, WinCo Foods-anchored neighborhood retail, and many of the region’s largest employers.
The Tri-Cities economy is supported by a durable, high-income employment base led by Hanford, Pacific Northwest National Laboratory, major healthcare systems, Amazon distribution facilities, and a substantial agribusiness sector. In particular, Hanford—the region’s largest employment center—provides long-term workforce stability through significant federal funding and a recently awarded long-term contractor commitment.
- Address
- City, State, Zip
- County
- Parcel Number(s)
- Zoning
- Site Size/Acreage
- Built
- Units
- Buildings
- Stories
- Rentable SF
- Average Unit SF
- Average In-Place Rent
- Average In-Placet Rent/SF
INVESTMENT HIGHLIGHTS
ASSUMABLE, BELOW MARKET FINANCING
$19,298,000 loan amount, 5.11% interest rate, 7-year interest-only period, January 1, 2033 first principal payment, and December 1, 2035 maturity.
IRREPLACEABLE RIVERFRONT ASSET
Banks on Bradley is a 144-unit newly constructed garden-style community offering Columbia River views in one of Richland’s most desirable settings.
UNMATCHED SUBMARKET LOCATION
One of the Tri-Cities’ most connected locations, with walkable access to the Columbia River, and a neighborhood center anchored by WinCo Foods. Major employers are within a 15-minute drive.
HIGH-INCOME ECONOMIC DRIVERS
Highlighted by nationally recognized employers including Pacific Northwest National Laboratory, healthcare facilities with more than 5000 employees, Amazon’s two distribution hubs totaling 1 million SF, and an agribusiness sector producing $309 million in organic crops. The area benefits from a high-income employment base and durable demand for premium rental housing.
DURABLE HANFORD EMPLOYMENT BASE
Richland benefits from the presence of Hanford, the Tri-Cities’ largest employment center with more than 13,000 on-site workers. Over $3 billion in annual federal funding and a new 10-year, $45 billion contract awarded to support long-term workforce stability.
144
units
2024
Years Built
733
AVG SF
ASSET
The Banks on Bradley is a newly constructed community located at 355 Bradley Boulevard in Richland, Washington, on the banks of the Columbia River. The property offers studio, one-, and two-bedroom floorplans with quartz countertops, soft-closing custom cabinetry, vinyl wood flooring, pantry and linen storage, and in-home washers and dryers.
The community offers a collection of resident amenities, including a heated outdoor swimming pool, fitness center, outdoor fireside lounge, BBQ and picnic area, pet spa, parcel room, dedicated parking, and access to kayaks, paddleboards, and bikes. Residents are steps from dining, grocery shopping, Columbia Point Golf Course, a riverside walkway, and the 3.5-mile Bradley Trail.
Photo Gallery
Contact Us
Investment Sales
GEORGE PALLIS
Senior Director
206.801.3070
[email protected]
WA CRE #138339
BEN JOHNSON
Managing Director
206.801.3144
[email protected]
WA CRE #114515
DAVID SORENSEN
Managing Director
206.801.3102
[email protected]
WA CRE #26603
PETER DUDUNAKIS
Associate Director
206.795.4169
[email protected]
WA CRE #24008898
Mortgage Bankers
ROBERT DOXSEE
Managing Director
425.777.0235
[email protected]
MICHAEL MANOLIDES
Senior Director
253.670.2143
[email protected]
CONNOR LEMLEY
Associate Director
206.451.1592
[email protected]
Office:
800 West Main Street
Suite 1410
Boise, ID 83702
berkadia.com
berkadia.com/northwest
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2026 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.



























