1135 Jadwin Ave Richland, WA 99352
Two adjacent single-tenant medical office buildings are 100% leased through November 30, 2029.
- Added:
- Apr 22, 2026
- Days on Market:
- 82
- Last Refresh:
- Jul 11 at 2:10 am
Property Features for 1135 Jadwin Ave
General Information
- Standard status
- Active
- Size
- 7,240 SF
- Property subtype
- OFFICE
Listing office Northmarq Commercial, LLC (503) 998-6572
Listing date Apr 22, 2026
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Commercial, LLC
Investment Insights
Based on property information with market context.
Both buildings are 100% leased to Kadlec Regional Medical Center, a subsidiary of Providence Health & Services. The leases expire November 30, 2029 and include options already exercised, with approximately 3% annual rent escalations.
The portfolio is positioned as a contiguous outpatient care hub one block from Kadlec Regional Medical Center’s main campus, providing a consolidated medical footprint within the Tri-Cities MSA.
Key Highlights
- Two adjacent single‑tenant medical office buildings totaling 16,366 SF at 1135 and 1155 Jadwin Avenue in Richland, WA
- 100% leased to Kadlec Regional Medical Center (subsidiary of Providence Health & Services)
- Both leases expire November 30, 2029 with options already exercised
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.0k | $21.96 |
| − Vacancy | −$10.8k | −$1.49 |
| EGI | $148.2k | $20.47 |
| − OpEx | −$37.0k | −$5.12 |
| NOI | $111.1k | $15.35 |
Alternative Uses
Property Analytics
Current Use by Public Records
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