Medical Office
For Sale
Contact for pricing
9398 Ridgetop Boulevard NW / 2011 NW Myhre Place, Silverdale, WA 98383
Two medical office buildings totaling 51,038 square feet are offered for sale as a fully leased portfolio.
Property Size51,038 SF
Days on Market121
Property Features for 9398 Ridgetop Boulevard NW / 2011 NW Myhre Place
General Information
Standard status
Active
Size
51,038 SF
Property subtype
Office
Occupancy
100%
Listing Agency:
CBRE - Denver Downtown
(206) 292-6062
Listed By:
Chris Bodnar · License #CA 01892501
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
The portfolio includes a three-story medical office building and a two-story medical office building, constructed in 2006 and 1990, respectively. The offering totals 51,038 square feet across both buildings and is presented as 100% leased.
The properties are located in Silverdale, Washington within Kitsap County, approximately 23 miles west of downtown Seattle. The buildings are about half a mile apart. Franciscan Medical Group occupies 82.5% of the leased space, and the remainder of the portfolio is leased to Morgan Stanley through July 2022.
Also included is a vacant land parcel directly south and adjacent to surplus land within the Ridgetop West tax parcel. This land is zoned Regional Commercial.
The properties are located in Silverdale, Washington within Kitsap County, approximately 23 miles west of downtown Seattle. The buildings are about half a mile apart. Franciscan Medical Group occupies 82.5% of the leased space, and the remainder of the portfolio is leased to Morgan Stanley through July 2022.
Also included is a vacant land parcel directly south and adjacent to surplus land within the Ridgetop West tax parcel. This land is zoned Regional Commercial.
Key Highlights
- Medical office portfolio includes one 3‑story 38,582 SF building and one 2‑story 12,456 SF building totaling 51,038 SF
- Portfolio is 100% leased; 82.5% of space leased to Franciscan Medical Group, a subsidiary of CHI Franciscan Health and Catholic Health Initiatives (Moody’s Baa1)
- Franciscan Medical Group will sign new 10‑year leases with three 5‑year renewal options after close, providing 9 years weighted average remaining lease term
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98383, WA
21,565
Population
9,660
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,239
Density / Sq Mi
$106,902
Median Household Income
$55,005
Median Earnings
$2,076
Median Rent
$565,100
Median Home Value
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- VCA Central Kitsap Animal Hospital — 2238 NW Bucklin Hill Rd Suite 100, Silverdale, WA 98383
- Banfield Pet Hospital — 9589 Ridgetop Blvd NW, Silverdale, WA 98383
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office buildings totaling 51,038 square feet are offered for sale as a fully leased portfolio.
Where is this medical office space located?
The property is located at 9398 Ridgetop Boulevard NW / 2011 NW Myhre Place Silverdale, WA.
What are key features of this property?
This property features: Medical office portfolio includes one 3‑story 38,582 SF building and one 2‑story 12,456 SF building totaling 51,038 SF; Portfolio is 100% leased; 82.5% of space leased to Franciscan Medical Group, a subsidiary of CHI Franciscan Health and Catholic Health Initiatives (Moody’s Baa1); Franciscan Medical Group will sign new 10‑year leases with three 5‑year renewal options after close, providing 9 years weighted average remaining lease term
