What are the responsibilities and job description for the Property Manager - Commercial position at State of Washington Dept. of Natural Resources?
Description
Commercial Property Manager, Property Acquisition Specialist 5 (PAS5)
Work Hours and Partial Telework flexibility may be available and considered
Salary: $6,414.00 - $8,628.00 Monthly
Review of applications is ongoing. We reserve the right to make a hiring decision or close this recruitment at any time after 03/11/2026. It is in your best interest to submit materials as soon as possible.
Responsibilities:
- Management of commercial real estate portfolio to maximize revenue for trust beneficiaries;
- Management of ground and improved property leases;
- Performing a financial analysis for holdings and potential acquisition sites, this includes analyzing the highest and best use of trust parcels for long-term asset management;
- Management of operating and facility budget needs;
- Negotiating and drafting lease contracts and other service contracts;
- Locating, analyzing, and recommending acquisition parcels, such as industrial facilities, office buildings, and commercial retail centers;
- Providing financial analysis on proposed acquisition parcels to determine expected rate of return and suggested offering value;
- Negotiating letters of intent, option agreements, exchange agreements, and purchase and sale agreements;
- Managing the “due diligence” process through closing, including review of: appraisals, surveys, inspection reports, and environmental audits;
- Development of marketing strategies for parcels managed by the CRE Program;
- Consulting with real estate brokers, appraisers, developers, and local government officials to develop the marketing strategy;
- Implementing marketing tools such as legal notification, brochures, networking with real estate brokers, and contracting with third-party professionals;
- Working with Regions and other Divisions as a subject matter expert in acquisition, leasing, sales, exchanges, and marketing matters;
- Working with the Communications team as a subject matter expert for legislative and Board of Natural Resources presentations and press releases;
- Preparing and overseeing bidding process of competitive contracts for specialized consultants;
- Evaluating and analyzing proposals and making recommendations for the award of contract and the administration of the contract(s) once awarded.
Required Qualifications:
- Bachelor’s degree in business administration or related field AND five (5) years’ experience in any of the following categories:
- Managing commercial buildings, including construction oversight, service contractor oversight, and building system maintenance, including:
- Roof systems
- HVAC systems
- Elevators
- Plumbing
- Fire and life safety systems
*
- Negotiating:
- complex commercial leases for office, retail, and industrial buildings
- commercial ground leases
- purchase and sale, option and exchange agreements for
- commercial property acquisitions
- commercial/industrial properties for lease and/or sale
OR any equivalent combination of education and/or experience.
- Knowledge of real estate appraisals, property acquisitions, consulting with others in property management, leasing and marketing properties, financial analyses of lease rental structures and invoices, and working in interdisciplinary teams.
- Commitment to fostering and supporting an environment that honors diversity, equity, inclusion, and environmental justice practices.
Pay: $76,968.00 - $103,536.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Retirement plan
- Tuition reimbursement
- Vision insurance
Work Location: In person
Salary : $76,968 - $103,536