1551 116th AVE NE, Bellevue, WA 98004
1551 116th AVE NE, Bellevue, WA 98004
1551 116th AVE NE, Bellevue, WA 98004
1551 116th AVE NE, Bellevue, WA 98004
1551 116th AVE NE, Bellevue, WA 98004
1551 116th AVE NE, Bellevue, WA 98004
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Listed by:Dynasty Realty, Inc. • Farid Mohajerjasbi
$ 7,750,000
Est. payment | /mo

1 Acres Lot


Save
$ 7,750,000
Est. payment | /mo
Save

1 Acres Lot

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

Northwest MLS (NWMLS)

Nearby Locations

Ryzen Martin

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(574) 370-4307

ryzen@purposerealtywa.com

9329 Martin Way E, Olympia, WA 98516, USA

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1551 116th AVE NE