Single-Tenant Vacant-User
Class A Owner/User Behavioral Health Facility | Available Operations | $1,000,000 Expansion
2150 Freeman Rd E, Fife, WA 98371
Listing Price: $8,895,000
Investment Overview
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a Class A Owner/User Behavioral Health Facility in Fife, WA (Seattle-Tacoma MSA). The property is priced at $613/SF, below the replacement cost to build a new facility of comparable size and quality. The facility was a build to suit for RI International in 2012 and has been operated as a behavioral health facility since then, providing a new owner the opportunity to commence operations at a location that has established relationships with surrounding hospitals and medical providers. RI International, the current tenant, is leaving the state of Washington and will help transfer the facility’s current staff to a new operator. The property was recently expanded from a 16-bed facility to a 32-bed facility through receiving a nearly $1,000,000 BHF Grant from the state of Washington, providing a fully renovated, class A facility for an owner/user to occupy. The building features high quality masonry and a roof warranty through April 9, 2027. RI International’s current lease term expires November 30, 2029, providing an owner/user cashflow from the property while they develop their business plan. RI International will consider terminating the lease early if desired by the new owner. The location is within a 15-minute drive of multiple hospitals in Tacoma, Puyallup, Federal Way, and Auburn, providing natural referral sources for the facility and the ability to serve multiple communities.
Investment Highlights
- Established Behavioral Health Location
- Immediately Available Staff
- Recent $1,000,000 Expansion Through BHF Grant
- High-Quality 2012 Construction w/Roof Warranty
- In Place Cashflow
- Located Nearby Multiple Hospitals
Exclusively Listed By
Financing By
Single-Tenant Vacant-User
Class A Owner/User Behavioral Health Facility | Available Operations | $1,000,000 Expansion
Listing Price: $8,895,000
Investment Highlights
- Established Behavioral Health Location
- Immediately Available Staff
- Recent $1,000,000 Expansion Through BHF Grant
- High-Quality 2012 Construction w/Roof Warranty
- In Place Cashflow
- Located Nearby Multiple Hospitals
Investment Overview
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a Class A Owner/User Behavioral Health Facility in Fife, WA (Seattle-Tacoma MSA). The property is priced at $613/SF, below the replacement cost to build a new facility of comparable size and quality. The facility was a build to suit for RI International in 2012 and has been operated as a behavioral health facility since then, providing a new owner the opportunity to commence operations at a location that has established relationships with surrounding hospitals and medical providers. RI International, the current tenant, is leaving the state of Washington and will help transfer the facility’s current staff to a new operator. The property was recently expanded from a 16-bed facility to a 32-bed facility through receiving a nearly $1,000,000 BHF Grant from the state of Washington, providing a fully renovated, class A facility for an owner/user to occupy. The building features high quality masonry and a roof warranty through April 9, 2027. RI International’s current lease term expires November 30, 2029, providing an owner/user cashflow from the property while they develop their business plan. RI International will consider terminating the lease early if desired by the new owner. The location is within a 15-minute drive of multiple hospitals in Tacoma, Puyallup, Federal Way, and Auburn, providing natural referral sources for the facility and the ability to serve multiple communities.
Exclusively Listed By
Financing By

