Leased Medical Office
1625 Cooper Point Rd SW Olympia, WA 98502
1625 Cooper Point Rd SW, Olympia, WA, 98502
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For Sale
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Fully leased medical office asset operating as an optical clinic with contractual annual rent increases.
Days on Market134
Property Features for 1625 Cooper Point Rd SW
General Information
- Standard status
- Active
- Property subtype
- OFFICE
Listing agency
Kidder Mathews
(360) 705-1337
Listed by
Amy Harding · License #125436
(360) 705-1337
Source
Moodyscre
Added: Mar 10 Updated: Jul 21 at 11:56AM Checked: Jul 21 at 11:56AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
1625 Cooper Point Road NW is a fully stabilized medical office/medical retail asset leased to Team Vision, a wholly owned subsidiary of global eyewear leader Luxottica (EssilorLuxottica). The tenant operates the Olympia Vision Clinic on-site, with investments described in specialized exam lanes, optical equipment, and branded interior improvements.
The property is positioned in the heart of the Cooper Point Road and Black Lake Boulevard corridor in West Olympia, near major healthcare anchors including Providence St. Peter Hospital and MultiCare Capital Medical Center. It is intended to support outpatient healthcare demand within a surrounding mix of medical providers, retail services, and residential neighborhoods.
The lease includes contractual 3% annual rent increases through 2035. Parking is supported by an 8/1,000 parking ratio designed to accommodate patient throughput, and the current lease structure is described as providing predictable cash flow with built-in income growth.
The property is positioned in the heart of the Cooper Point Road and Black Lake Boulevard corridor in West Olympia, near major healthcare anchors including Providence St. Peter Hospital and MultiCare Capital Medical Center. It is intended to support outpatient healthcare demand within a surrounding mix of medical providers, retail services, and residential neighborhoods.
The lease includes contractual 3% annual rent increases through 2035. Parking is supported by an 8/1,000 parking ratio designed to accommodate patient throughput, and the current lease structure is described as providing predictable cash flow with built-in income growth.
Key Highlights
- Fully leased medical retail asset operating as an optical clinic (Team Vision / Olympia Vision Clinic).
- Tenant is a wholly owned subsidiary of Luxottica (EssilorLuxottica), operating at the property location.
- Contractual 3% annual rent increases through 2035.
Property Analytics
Location Intelligence
Current Use by Public Records
Olympia Vision Clinic
Physician
Dale L. Tosland, ...
Physician
Joanna S. Haws, ...
Physician
Brian J. Koning, ...
Physician
Dr. Matthew Polster
Physician
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FAQs
What type of property is this?
Medical Office Space - Fully leased medical office asset operating as an optical clinic with contractual annual rent increases.
Where is this medical office space located?
The property is located at 1625 Cooper Point Rd SW Olympia, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully leased medical retail asset operating as an optical clinic (Team Vision / Olympia Vision Clinic).; Tenant is a wholly owned subsidiary of Luxottica (EssilorLuxottica), operating at the property location.; Contractual 3% annual rent increases through 2035.
