- For Sale $6,995,000
- Property Type Office - Medical Office
- Property Size 18,652 SF
- Lot Size 2.43 Acre
- Cap Rate % 6
- NOI / YR $419,670.00
- Date Updated Sep 8, 2026
Description
CBRE is pleased to present the opportunity to acquire 700 24th Avenue NW, a stabilized, single-tenant medical office building fully leased to Mercy Health, a nationally recognized, investment-grade healthcare provider. The 18,652± square foot, purpose-built clinical facility is secured by a newly executed 10-year absolute NNN lease, providing investors with long-term, passive income. The offering delivers durable, bond-like cash flow backed by a strong-credit tenant.
Designed to accommodate a broad range of healthcare services, the property features an efficient floor plan, quality construction, and ample on-site parking. The asset benefits from its location within a dense medical office area, reinforcing long-term tenancy and healthcare-driven demand fundamentals.
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