Hospital-Adjacent Medical Office
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For Sale
Contact for pricing
2015 Cooks Hill Road, Centralia, WA 98531
Fully leased medical office asset beside Providence Centralia Hospital with an NNN lease structure.
Property SizeContact for details
Days on Market7
Property Features for 2015 Cooks Hill Road
General Information
Standard status
Active
Property subtype
Office, Special Purpose
Occupancy
100%
Net Operating Income
$587,000
Financials
Asking Price
$9,750,000
Cap Rate
6%
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
The Rants Group
Listed By:
Zeke Rehn · License #23295
(360) 943-8060
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 6:36AM
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 The Rants Group
Investment Insights
Based on property information with market context.
Located at 2015 Cooks Hill Road in Centralia, Washington, this medical office property is positioned immediately beside Providence Centralia Hospital. The building is fully leased to Providence, providing an established healthcare tenancy within a hospital-adjacent setting.
The investment is structured as an NNN lease, with tenant responsibility for additional maintenance obligations. Lease economics include 3% annual rent increases beginning in Year 4, and the property carries a 6.0% cap rate. A newly executed lease renewal supports continued occupancy and extends the existing healthcare tenancy.
The investment is structured as an NNN lease, with tenant responsibility for additional maintenance obligations. Lease economics include 3% annual rent increases beginning in Year 4, and the property carries a 6.0% cap rate. A newly executed lease renewal supports continued occupancy and extends the existing healthcare tenancy.
Key Highlights
- Fully leased to Providence
- Immediately adjacent to Providence Centralia Hospital
- NNN lease structure
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98531, WA
26,669
Population
11,070
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
129.2 sq mi
ZIP Area
206
Density / Sq Mi
$61,963
Median Household Income
$37,330
Median Earnings
$1,068
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office asset beside Providence Centralia Hospital with an NNN lease structure.
Where is this medical office space located?
The property is located at 2015 Cooks Hill Road Centralia, WA.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Fully leased to Providence; Immediately adjacent to Providence Centralia Hospital; NNN lease structure
