Leased Medical Office Portfolio

1135 Jadwin Ave Richland, WA 99352

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Two adjacent single-tenant medical office buildings are 100% leased through November 30, 2029.

Type:OFFICE
Property size:
7,240 SF
Price / SF:
$276/SF
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

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.

This offering presents the Kadlec Clinic Portfolio, consisting of two adjacent single-tenant medical office buildings located at 1135 and 1155 Jadwin Avenue. Together, the properties total 16,366 SF and are operated as Kadlec Clinic locations, including Richland Primary Care and Kadlec specialty care. The onsite medical programming includes areas such as family medicine, pediatrics, women’s health, onsite lab, and cardiology.

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
7,240 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.59M
$1.39M – $1.85M (±1% cap)
NOI $111,134 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$1.54M
$1.34M – $1.79M (±1% cap)
NOI $107,457 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M (±1% cap)
NOI $140,568 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Stephen Ewer Physician Dr. Sirshendu Banerjee Physician Tauni Urdahl Physician Prama Chakravarti Physician Athalia Clower Physician

Suggested Use

Big Box & Wholesale Store Building Supply HVAC Service Auto Parts Store Furniture & Home Goods Auto Repair Shop Electrical Service Kitchen & Bath Showroom Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Horse Sense Vet — 943 Stevens Dr, Richland, WA 99352

FAQs

What type of property is this?
Medical Office Space - Two adjacent single-tenant medical office buildings are 100% leased through November 30, 2029.
Where is this medical office space located?
The property is located at 1135 Jadwin Ave Richland, WA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 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
Contact an agent
(503) 998-6572 Call to check price and availability
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