South Sound Radiology Office FOR SALE


Olympia, WA - North Olympia
$8,590,000 USD
360-705-2800
, Olympia, WA for Sale
$8,590,000 USD
Office - FOR SALE
1/1
null | 7.35% Cap Rate

South Sound Radiology
Olympia, WA
North Olympia


HIGHLIGHTS

  • Strong demographics and proximity to I-5 and Highway 101
  • High-quality construction with imaging-grade infrastructure
  • Located near Providence St. Peter Hospital and major medical hubs
  • 23,000 SF of excess buildable land for future development

OVERVIEW

FULLY STABILIZED ASSET WITH QUALITY TENANCY This fully stabilized medical office building offers investors a reliable income stream backed by Class A tenancy. Years of history as the preeminent MRI imaging center, South Sound Radiology, now a partnership between Radia and Providence, exemplifies a fully stabilized, low risk medical office investment. Millions of dollars have been invested in equipment and fixtures including: Fluoroscopy, 1.5T MRI, 3.0T MRI, CT and accompanying servers & chillers ensuring permanence of operations. INCREDIBLE RETURNS At $632,273 2026 NOI and a 7.35% capitalization rate, returns are above average for quality medical product. Capitalization rate grows over time, with 3% annual escalations. Suburban assets are proving to be strong long term investments, given continual growth and relative affordability.

ASK ABOUT THIS PROPERTY

Amy HardingKidder MathewsMore Info
360-705-2800

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Amy HardingKidder MathewsMore Info
360-705-2800

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