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Listed by:Dynasty Realty, Inc. • Farid Mohajerjasbi
$ 7,750,000
Est. payment /mo
New
1551 116th AVE NE Bellevue, WA 98004
1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Bellevue
MLS Listing ID 2576946
Style 73 - Office
Year Built 1974
Lot Size 0.995 Acres
Property Sub-Type Commercial Industrial
Property Description
Rare opportunity to acquire a fully occupied medical/dental property with a proven history of long-term tenancy and stable income. This well-established medical/dental building features a diversified tenant mix of healthcare and wellness users, including a skin surgery practice with over 23 years of occupancy, a dental office with over 15 years occupancy, and a chiropractic practice with over 4 years occupancy at the property. A spa tenant has also joined the property in 2025, providing additional diversification. The property's strong tenant retention and 100% occupancy provide an attractive investment profile for an investor seeking stable medical-office income. Investment Highlights: o 100% occupied Medical/Dental building o $308,617 current NOI o 4.0% capitalization rate o Skin surgery center — 23+ years o Dental office — 15+ years o Chiropractic practice — 4+ years o Spa — 1+ years o Diversified medical and wellness tenant mix o Established tenant history with demonstrated longevity o Financials available upon request with a signed NDA
Location
State WA
County King
Area 530 - Bellevue/East Of 405
Interior
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Composition
Building
Sewer Sewer Connected
Water Private
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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