2015 Cooks Hill Rd - Medical FOR SALE


Centralia, WA 98531
$9,750,000 USD
360-915-5678
2015 Cooks Hill Rd, Centralia, WA for Sale
$9,750,000 USD
Medical - FOR SALE
1/27
null | 6.02% Cap Rate

2015 Cooks Hill Rd
Centralia, WA 98531


HIGHLIGHTS

  • 100% Leased to Providence
  • 12+ Years Remaining Lease Term
  • Hospital-Adjacent Medical Office Investment
  • NNN Lease Structure with Additional Tenant Maintenance Responsibilities

OVERVIEW

2015 Cooks Hill Road offers investors the opportunity to acquire a hospital-adjacent medical office building fully leased to Providence, one of the Pacific Northwest's leading healthcare providers. The property benefits from a newly executed 10-year lease renewal, more than 12 years of remaining lease term, a starting rental rate of $29.00 NNN per square foot, and 3% annual rent increases beginning in Year 4. Located immediately adjacent to Providence Centralia Hospital, the asset provides stable healthcare tenancy, growing income, and a hands-off NNN investment structure with additional maintenance responsibilities shifted to the tenant. Offered at $9.75 million, the property generates approximately $587,000 in NOI and a 6.0% cap rate.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

124,803 SF

ZONING

H-1

APN/PARCEL ID

021168-004-000

ASK ABOUT THIS PROPERTY

Zeke RehnThe Rants GroupMore Info
360-915-5678

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Zeke RehnThe Rants GroupMore Info
360-915-5678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.