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Washington Oral & Maxillofacial Surgery 4202 10th St SE 5,000 SF Office Building Puyallup, WA 98374 $1,928,571 ($385.71/SF) 7% Cap Rate
Investment Highlights
- Healthcare Real Estate — Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
- 3% Annual Rental Increases — The lease features 3% annual rent increases, providing investors with growing cash flow and a hedge against inflation.
- Strong Demographics - There are over 180,000 residents in a 5-mile radius and an average household income above $100,000.
- 15 Year Absolute NNN Investment — This is a completely hands-off investment with with zero tax, maintenance, and insurance responsibilities.
- No Income Tax - Washington is one of 9 states with no income tax.
- Established Regional Operator — Washington Oral & Maxillofacial Surgery has 5 locations throughout WA.
Executive Summary
Broker of Record
Brian Brockman
License # 21256, 27380 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Brian Brockman
License # 21256, 27380 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built
2006
Price
$1,928,571
Price Per SF
$385.71
Cap Rate
7%
NOI
$135,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
0.34
Lot Size
0.34 AC
Zoning
CL
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 438900-0130 | Improvements Assessment | $928,300 |
| Land Assessment | $471,000 | Total Assessment | $1,399,300 |
Property Taxes
Parcel Number
438900-0130
Land Assessment
$471,000
Improvements Assessment
$928,300
Total Assessment
$1,399,300
Contacts
-
Seamus O'Brien -
Thor St John -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
1 of 5
Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Washington Oral & Maxillofacial Surgery | 4202 10th St SE
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