- 100% Leased to eight established tenants, including eye care, ENT, gynecology, general and breast surgery, infusion therapy, and lab diagnostics.
- Rare Class A medical building in Central Oregon
- Prime location in a dense medical corridor
- Excellent monthly cash flow with NNN tenants
- Strong demographics with median home price of $775,000
- Near St. Charles Medical Center with 292 beds
- Extra land offers value-add opportunity
- Growing area with 42% population increase since 2010
The Pinnacle Medical Office Building is a 36,948 square foot building situated on 3.77 acres. While the building is fully leased, there is an owner user opportunity to occupy up to 5,524 SF. There are currently eight tenants on triple net leases.
Pinnacle Medical Office Building
The property is professionally managed and in excellent condition. The two-story building features a grand open lobby, two elevators, patio with mountain views, and clerestory windows creating a very bright and inviting atmosphere.
There is a unique opportunity with this property to divide the lot allowing for approximately 70,000 SF of excess land to be sold separately from the income-producing medical building. A buyer has the option to purchase Option 1, the building only, Option 2, the excess development land only, or Options 1 & 2, the entire property
Location
Bend’s Northeast Side
Property Type
Investment & Development Opportunity
Zone
Residential medium Density (RM) with Medical Overlay
Purchase Option 1
Income Producing Building
$20,000,000 | 5.2% Cap Rate
Purchase Option 2
Excess Development Land
$1,500,000 | ±70,000 SF
Purchase Option 1&2
Building & Excess Land
$21,500,000
Property Highlights
