19930 Ballinger Way NE - Medical FOR SALE


Shoreline, WA 98155
$6,105,000 USD
206-584-6195
19930 Ballinger Way NE, Shoreline, WA for Sale
$6,105,000 USD
Medical - FOR SALE
1/5
null | 6.75% Cap Rate

19930 Ballinger Way NE
Shoreline, WA 98155


HIGHLIGHTS

  • RECESSION-RESILIENT, HIGH-MARGIN MEDICAL TENANT
  • STRATEGIC “MEDTAIL” CORRIDOR LOCATION
  • SIGNIFICANT TENANT CAPITAL COMMITMENT
  • DIRECT PROXIMITY TO REGIONAL MEDICAL HUBS
  • COMPOUNDING YIELD VIA FIXED ESCALATIONS
  • ROBUST DEMOGRAPHICS

OVERVIEW

A premier opportunity to acquire a mission-critical surgical center in the high-barrier Shoreline submarket. The asset is fully occupied by Eviva, a dominant Pacific Northwest bariatric and aesthetic practice with a 20-year track record. The facility features a specialized build-out, including two Class C operating rooms and recovery suites, creating a “sticky” tenant with high relocation costs. Secured by a 5-year absolute NNN sale-leaseback, the investment offers a truly passive income stream with zero landlord responsibilities. As a Certificate of Need (CON) facility, the property is protected by significant regulatory barriers, as Washington State strictly limits the development of new competing surgical centers. Eviva has strategically evolved its business model to leverage the rise of GLP-1 medications, utilizing them as a high-volume patient acquisition engine for its high-margin surgical and cosmetic divisions. With 3% annual rent escalations, this investment provides a powerful inflation hedge and compounding yield in a specialized, recession-resilient healthcare niche.

FOR SALE DETAILS

PRICE

$6,105,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eviva Weight Loss Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

NB

APN/PARCEL ID

263690-0187

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.