1299 Bishop Rd | Chehalis, WA 98532
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1299 Bishop Rd
Chehalis, WA 98532
Office Property For Sale
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
4,246 SF
Building Class
C
Year Built/Renovated
1982/2018
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,540 SF
Building FAR
0.20
Lot Size
0.49 AC
Zoning
CG
Parking
29 Spaces (6.83 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Reception
- Air Conditioning
ABOUT 1299 BISHOP RD , CHEHALIS, WA 98532
Elegantly updated medical office building currently shared by three longstanding tenants in the dental field. Excellent location in medical complex, close to Chehalis school campuses & easy access from the freeway. NNN leases provide a yearly income of just under $60k w/ low rents of $1.17/ft./mth + built-in annual increases based on the Consumer Price Index. Current Cap Rate of 6% will jump to over 8% in the next few years as tenants secured by long-term leases. Don't miss this opportunity!
PROPERTY TAXES
| Parcel Number | 005605-079-004 | Improvements Assessment | $947,300 |
| Land Assessment | $1,299,000 | Total Assessment | $2,246,300 |
PROPERTY TAXES
Parcel Number
005605-079-004
Land Assessment
$1,299,000
Improvements Assessment
$947,300
Total Assessment
$2,246,300
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