21 Romance Hill Rd - Medical FOR SALE


Belfair, WA 98528
$5,700,000 USD
206-445-7665
21 Romance Hill Rd, Belfair, WA for Sale
$5,700,000 USD
Medical - FOR SALE
1/6
null | 6.6% Cap Rate

21 Romance Hill Rd
Belfair, WA 98528


HIGHLIGHTS

  • Cap Rate: 6.6%
  • Excellent 1031 Exchange Opportunity
  • Long-Term Tenants: Virginia Mason Franciscan Health, Peninsula Physical Therapy, and Belfair Dental have occupied their suites since 2009.
  • Recent Facade and New Signage Updates: New facelift transforms the exterior with new awnings above each suite entrance.
  • Business financials are available upon execution of the confidentiality agreement.
  • Strategic Location: Conveniently situated off WA-3 and Romance Hill Road, this location offers high visibility and easy access.

OVERVIEW

Virginia Mason Franciscan Health, Peninsula Physical Therapy, and Belfair Dental have occupied their respective suites since the building’s construction in 2008/2009. Recently, two of the tenants exercised their third and final 5-year extension options, while Virginia Mason Franciscan Health still has over 10 years remaining on their most recent 15-year extension. Seller financing is available. Seller will entertain any reasonable offer.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franciscan Medical Clinic

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

MU

APN/PARCEL ID

12332-50-90041

ASK ABOUT THIS PROPERTY

David ButlerORION Commercial PartnersMore Info
206-445-7665

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David ButlerORION Commercial PartnersMore Info
206-445-7665

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