NWMLS

Listing Firm: Dynasty Realty, Inc. (425-736-3259). Listings with the three tree icon are courtesy of NWMLS.

1551 116th Avenue

Bellevue, WA 98004

LISTING #2576946
$7,750,000
STATUS Active
YEAR BUILT 1974
PROPERTY TYPE Commercial Sale

ABOUT THIS PROPERTY

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

PROPERTY DETAILS

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Location Information
County King
Community Bellevue
Latitude 47.624421
Longitude -122.186450
Directions I405 N/S, Take NE 8th St towards E, Left on 116th Ave NE, property to your left
Subdivision Name Downtown Bellevue
Interior Features
Has Fireplace No
Number of Fireplaces 0
Heating Forced Air, Heat Pump
Cooling Forced Air, Heat Pump
Exterior Features
Style Office
Exterior Wood
Foundation Poured Concrete
Roof Composition
Water Source Private
Septic or Sewer Sewer Connected
Water Bellevue
Electric PSE
Power Production Type Electric
Parking Spaces 0
Lot Size in Acres 0.9951
Lot Size in Sq. Ft. 43,347
Additional Information
Possession Closing
Property Type Commercial Sale
Property Subtype Commercial Industrial
Structure Type Office
Year Built 1974
Status Active
Lot Acres Source KCR
NWMLS

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INTERESTED IN

1551 116th Avenue, Bellevue, WA 98004

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