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2015 Cooks Hill Rd 21,652 SF Health Care Building Offered at $13,499,460 CAD in Centralia, WA 98531
Investment Highlights
- 100% Leased to Providence
- Hospital-Adjacent Medical Office Investment
- 12+ Years Remaining Lease Term
- NNN Lease Structure with Additional Tenant Maintenance Responsibilities
Executive Summary
2015 Cooks Hill Road offers investors the opportunity to acquire a hospital-adjacent medical office building fully leased to Providence, one of the Pacific Northwest's leading healthcare providers. The property benefits from a newly executed 10-year lease renewal, more than 12 years of remaining lease term, a starting rental rate of $29.00 NNN per square foot, and 3% annual rent increases beginning in Year 4.
Located immediately adjacent to Providence Centralia Hospital, the asset provides stable healthcare tenancy, growing income, and a hands-off NNN investment structure with additional maintenance responsibilities shifted to the tenant. Offered at $9.75 million, the property generates approximately $587,000 in NOI and a 6.0% cap rate.
Located immediately adjacent to Providence Centralia Hospital, the asset provides stable healthcare tenancy, growing income, and a hands-off NNN investment structure with additional maintenance responsibilities shifted to the tenant. Offered at $9.75 million, the property generates approximately $587,000 in NOI and a 6.0% cap rate.
Property Facts
| Price | $13,499,460 CAD | Building Size | 21,652 SF |
| Price Per Bed | $843,716 CAD | No. Beds | 16 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Health Care | Year Built | 2009 |
| Zoning | H-1 - Hospital District | ||
| Price | $13,499,460 CAD |
| Price Per Bed | $843,716 CAD |
| Sale Type | Investment |
| Property Type | Health Care |
| Building Size | 21,652 SF |
| No. Beds | 16 |
| No. Stories | 2 |
| Year Built | 2009 |
| Zoning | H-1 - Hospital District |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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2015 Cooks Hill Rd
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