1299 Bishop Rd

    Chehalis, WA 98532
    • $925,000
    • STATUS: Active
    • ON SITE: 400 days
    • ID#: 1359745
    UPDATED: 19 min ago
    $925,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1982
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Realty World Cosser & Assoc..

    Description

    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% could jump to over 8% in the next few years as tenants secured by long-term leases. Don't miss this opportunity!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-20T11:14:19.637.

    www.lucaspintoteam.com/homes/87518824

    1299 Bishop Rd Chehalis, WA 98532

    • Price: $925,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 1359745
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    1982
    Built
    Neighborhood:
    Chehalis
    County:
    Lewis
    Area:
    Chehalis
    Property Description
    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% could jump to over 8% in the next few years as tenants secured by long-term leases. Don't miss this opportunity!
    Exterior Features

    Exterior See Remarks Foundation Poured Concrete Lot Depth 130 Lot Dimensions 165X130 Lot Topography And Vegetation Level Roof Composition Site Frontage 165 Style 73 - Office Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 24 Waterfront Footage 0

    Interior Features

    Building Sq Ft 4246 Floor Covering Fir/SoftwoodVinylWall to Wall Carpet Heating And Cooling Forced AirHeat Pump Office Sq Ft 0 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 6.00 Cap Rate Y Commercial Features J Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 0 Gross Rent Multiplier 0 Gross Scheduled Income 0 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 59559 Other Expenses 0 Possession Closing Power Service Amps 0 Right Of First Refusal Yes Sewer Sewer Connected Tax Amount 0 Tax Year 0 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 0 Vacancy Rate 0 Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-20T11:14:19.637.

     
    Lucas Pinto Real Estate Group | Compass
    800 Bellevue Way NE Suite 500
    Bellevue WA, 98004
    Listing Courtesy of Realty World Cosser & Assoc..