Property Description

Medical office investment opportunity offering a 12.5%+ CAP rate in Bellevue. The updated office building sits on nearly 10 acres with strong visibility and access from RT 4 and RT 113. The property is leased through May 31, 2030 (lease began June 1, 2025). Landlord pays real estate taxes, insurance, and maintenance. Currently configured as a medical office with two waiting rooms, reception/admin area, nurses' station, nine exam rooms, physician office, three procedure rooms, lead-lined X-ray room, research room, kitchen/break room, four restrooms, and IT/utility space. The property includes 40+ parking spaces with dual access points from both highways. Building was fully renovated in 2018 with new furnaces installed in 2024, providing a well-maintained investment property.

Property Features