Lybbert Fielding Real Estate

JUST SOLD.

Congratulations to the Buyer and Seller. It's great to see momentum growing in the industrial area of Burbank, WA.

Both parties were a pleasure to work with. Thank you for trusting me and my team.

- Andrew Lybbert

Tell me Costco is coming to Pasco without telling me Costco is coming to Pasco.

Great to see this project getting off the ground for Pasco. Great things are ahead!

City Awards first Bid for Broadmoor Area Improvements

The City Council, at Monday's Special Meeting, awarded the first round of bids for the construction of the Broadmoor Area improvements.

The Council awarded a $600,000 bid to Goodman & Mehlenbacher Enterprises of Kennewick for "Phase 1A" of the nearly $40 million in planned improvements to the Broadmoor area. The Phase 1A project provides for rough grading for the alignments of the future Road 108, Sandifur Parkway, and Road 103 in anticipation of the construction of utilities and roadways in subsequent phases. Goodman & Mehlenbacher was the winning bid out of 11 other bids and was significantly lower than the engineer's estimate.

The $40 million in improvements to the area include these interior roads, the extension of Sandifur Parkway to the west of Broadmoor, the widening of Broadmoor Blvd north of I-182, and significant improvements to the I-182/Road 100 interchange ( https://www.pasco-wa.gov/DocumentCenter/View/64314/BroadmoorInterchange-Flyer?bidId= ) as part of the Broadmoor Master Plan ( https://www.pasco-wa.gov/DocumentCenter/View/64447/Broadmoor-Master-Plan---Draft-16-December-2022 ).

The Tax Increment Financing (TIF) program funds these improvements for the expected significant retail and residential development around Broadmoor. TIF allows municipalities to use the expected increase in property tax from land development for bonds to cover needed infrastructure projects and not burden existing taxpayers.

"We're glad we received several very competitive bids for this project, and this is just the first of many improvements to the area for the infrastructure needed to support the development coming to Broadmoor," said Public Works Director Steve Worley.

Year in Review

This was my last year as a generalist broker and will provide a great start as I move forward exclusively as a land specialist.

On the ag side of things we closed over $16.14M and almost 1,000 acres. I see 2023 being a strong year for ag land.

We also put together many commercial, industrial, and residential development land deals this past year that will come out of the ground this next year. We have $24M in volume for land deals so far for 2023.

The best thing about being a land broker is that you get to be a part of something NEW. New jobs, new homes, new investments. One of the site selections I did was for a 100,000 SF warehouse that is projected to bring 60+ new jobs.

Wishing you all great success in 2023.

- Andrew Lybbert

JUST SOLD.

Congratulations to the Buyer and Seller.

Seller contacted me as they know I'm the most active land broker in the market and could help fulfill their need for an immediate closing.

One of my active Buyers met that need and was able to close quickly and smoothly.

Both parties were a pleasure to work with. Thank you for trusting me and my team.

- Andrew Lybbert

JUST SOLD.

Congratulations to the Buyer and Seller.

Buyer was looking to fulfill a 1031 Exchange on a very short timeline. I was able to find him an off-market opportunity that fit his need, which is not easy in this market.

Seller was a past client and I was able to bring him an offer they couldn't refuse.

Both parties were a pleasure to work with. Thank you for trusting me and my team.

- Andrew Lybbert

JUST SOLD.

Congratulations to the Buyer and Seller.

I was fortunate enough to represent both parties, and I believe it turned out as a win-win.

The Buyer was able to grow his portfolio in a desirable area that made sense for him.

The Seller was able to pull his equity out of this asset to put to use in new development projects.

Both parties were a pleasure to work with. Thank you for trusting me and my team.

- Cody Fielding

Darigold picks Pasco for North America's largest dairy plant The Port of Pasco commission approved the $3.3 million purchase and sale with the Seattle-based dairy cooperative agreement on July 1.

Read our LFRE April Newsletter below.

Lybbert Fielding April 2021 Newsletter It seems like a month is only a week long sometimes. Some of you may have seen the exciting news that Tracy and Jill shared this month. They have recently accepted a call to serve as missionaries for the Church of Jesus Christ of Latter-day Saints in the Italy Milan Mission where Tracy served as a y...

An Amazon DC is coming to East Pasco. Sign up for our monthly newsletter to find out more.

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Glad to have helped on a much needed project for our community.

$16M homeless complex once rejected for east Pasco finds new Tri-Cities home Backlash from hundreds prompted Pasco to block the land sale earlier this year.