Pinnacle Medical Office Building offers qualified investors a unique opportunity to acquire a “Class A” Medical Office Building that is conveniently located in Bend, Oregon, adjacent to Bend Surgery Center, and two blocks from St. Charles Medical Center, a 226-bed general acute care hospital, providing a reliable referral network and convenience for patients.

Constructed in 2007, the multi-tenant Medical Office Building consists of approximately 36,948 rentable square feet and is 100% leased and occupied by an array of leading practice groups in the region, offering best-in-class patient care across multiple specialties, including eye care, ENT, gynecology, general and breast surgery, infusion therapy, family medicine and lab diagnostic for the more than 200,000 residents throughout Central Oregon and surrounding communities.

The building is outfitted and equipped to provide each practice group the ability to offer specialized care and treatment options to their large patient base, while also featuring a grand open lobby, two elevators, patio with mountain views, and clerestory windows.

The Facility’s tenancy is comprised of (8) established practices, including InFocus Eyecare, Central Oregon ENT, Medix Infusion, Caldera Family Medicine, Bend Surgical Associates, Dr. Andy Higgins Breast and General Surgeon, VIVA! GYN and Quest.

The Property benefits from its strategic location in a dense medical corridor, as well as drawing upon a large and growing population base, which has increased 40% since 2010, with California being the greatest source of net in-migrants to Oregon.

Pinnacle MOB is located across the street from the Touchmark at Pilot Butte, a 136-unit premier 55+ community and the recently constructed Brookdale Senior Living community, offering both assisted living and memory care services. Bend looks to continue its growth and expansion to meet the demand of the population growth, as evidenced by the ongoing development of the Timber Yards in downtown Bend, which will include 1,600 housing units, a 180-room hotel, 120,000 square feet of office space, and 70,000 square feet for retail uses.

Pinnacle MOB offers cashflow stability with limited expense inflation exposure, with NNN leases and average rent escalations of 2.4%. In addition, Central Oregon ENT & InFocus EyeCare, which account for 50% of the tenancy recently signed new 10-year leases. The offering also includes excess developable land for an additional medical office building or other commercial property.