$7,750,000
1551 116th Avenue
Bellevue, WA 98004
Beds
—
Baths
—
Sq Ft
—
Lot
1.00 ac
Year built
1974
Type
Commercial Sale
Days listed
1
MLS #
2576946
About this home
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
Exterior features
Property details
- Heating
- Forced Air, Heat Pump
- Cooling
- Forced Air, Heat Pump
- Water source
- Private
- Sewer
- Sewer Connected
Estimate your monthly payment
$39,188/mo
- Principal & interest
- $39,188
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Bellevue, WA 98004
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Dynasty Realty, Inc.— Farid Mohajerjasbi.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.