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Pinnacle Medical Office Building

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.
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

2450 NE Mary Rose Place

Bend, OR

$21,500,000

Price

36,948 SF | 3.77 AC

Size

Contact Broker
View LoopNet Listing

Property Highlights

Want more information?

Pat Kesgard, CCIM

541.350.8900

Kristie Schmitt, Broker

541.527.5515

    Pinnacle Medical Office Building