Address Map
USA
Washington
Mason
Belfair
98528
Romance Hill Rd
21
W123° 10' 14''
N47° 26' 48.4''
Additional Information
Scott Clements
13198
1004195
76,514 Sqft
Franciscan Medical Clinic - Belfair
Mason County
1
98101
WA
Seattle
1218 Third Ave. Ste. 2200
Property Description

EXCELLENT 1031 EXCHANGE OPPORTUNITYFully Stabilized Medical Office• Cap Rate: 6.6%• Current Rent: $375,793• Total Land Area: 76,514 SF• Total Bldg Area: 11,503 SF• Price/SF Building: $495.52• Zoning: MULONG-TERM-TENANTS:Virginia Mason Franciscan Health (VMFH), Peninsula Physical Therapy, and Belfair Dental (all original tenants) have been tenants in the building since it was built in 2008/2009. There has never been any turnover.INVESTMENT GRADE TENANCY:Virginia Mason Franciscan Health has a Moody’s rating of A3 Stable, while both S&P and Fitch have maintained their A-Stable rating.RECESSION RESISTANT:The healthcare sector is largely resistant to economic downswings. The demand for medical services remains essential, regardless of market conditions. According to Forbes, the

For Sale

21 Romance Hill Rd, Belfair, Washington 98528

  • Square Footage: 11,503 Sqft
$5,700,000
Listing ID#680613
QR Code
Basic Details
Property Type : Office
Listing Type : For Sale
Listing ID : 680613
Price : $5,700,000
Square Footage : 11,503 Sqft
Year Built : 2008
Status : Active
Office Name : Orion Commercial Partners, LLC
Property Sub Type : Office, Specialty
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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