Class A Owner/User Behavioral Health Facility 2150 Freeman Rd E

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, well 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 open to facilitating the transfer of its operations at this site to a new operator, providing a new owner the opportunity to commence its own operations at this site with very minimal downtime. The property was 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.