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MultiCare + AON Oncology

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MultiCare + AON Oncology

420 McPhee Rd SW, Olympia, WA 98502
Office,Specialty For Sale Available Built 2013 1 floors Zoning: MS
Asking Price
$3,150,000
Total Building9,555 SF
Land37,462 SF land
Parking Total10
& Uncov.
ConstructionWood
MarketOlympia
CountyThurston

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Overview

Property ID
215565
Listing ID
705784
Type
Office
Asset Class
Office,Specialty
Zoning
MS

Description

Marcus & Millichap's Brown Retail Group has been selected exclusively to market for sale MultiCare + AON, a fully leased medical office building located in west Olympia, WA, just minutes from the region's two largest hospitals— MultiCare Capital Medical Center and Providence St. Peter. The property is 100% occupied by MultiCare and American Oncology Network (AON), offering stable cash flow with strong credit tenancy and long-term medical demand drivers. MultiCare recently expanded with a new 3-year lease for Suite 201, increasing its occupancy to nearly 48% of GLA, while AON executed a new 5-year lease extension, further strengthening the tenancy profile. All leases include 2.0%–3.0% annual rent increases, providing consistent income growth and inflation protection. Priced at a 7.30% cap r

Listing Courtesy of:

CB
Clayton Brown
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Olympia ZIP: 98502 Type: For Sale

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