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20730 Bond Rd
Poulsbo, WA 98370
Bldg A · Office Property For Sale
Investment Highlights
- IDEAL MEDICAL OFFICE LOCATION SERVING UNDERSUPPLIED NORTH KITSAP
- STRONG DEMOGRAPHICS DRIVING HEALTHCARE DEMAND
- HIGH BARRIERS TO ENTRY FOR NEW MEDICAL DEVELOPMENT
- PROXIMITY TO MAJOR HEALTHCARE & REFERRAL NETWORKS
- EXCELLENT ACCESSIBILITY FOR PATIENTS & STAFF
- VALUE-ADD OR STABLE INCOME OPPORTUNITY
Executive Summary
Northmarq presents North Kitsap Medical Center - Building A, a compelling opportunity to acquire a strategically located medical office asset in the heart of Poulsbo, serving the broader and highly desirable North Kitsap submarket. The property benefits from strong underlying demographics, including an affluent and aging population that continues to drive increasing demand for outpatient healthcare services.
The asset offers investors the ability to capitalize on a supply-constrained medical office market characterized by high barriers to entry and limited new development. Medical
office tenants provide durable, long-term income supported by operational stickiness, resulting in reduced turnover and stable cash flow. Whether pursued as an owner/user or a value-add opportunity through lease-up or repositioning, North Kitsap Medical Center - Building A offers strong fundamentals and long-term upside in one of Kitsap County’s most sought-after and growing healthcare corridors.
The asset offers investors the ability to capitalize on a supply-constrained medical office market characterized by high barriers to entry and limited new development. Medical
office tenants provide durable, long-term income supported by operational stickiness, resulting in reduced turnover and stable cash flow. Whether pursued as an owner/user or a value-add opportunity through lease-up or repositioning, North Kitsap Medical Center - Building A offers strong fundamentals and long-term upside in one of Kitsap County’s most sought-after and growing healthcare corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,326 SF
Building Class
C
Year Built
1987
Price
$2,150,000
Price Per SF
$105.78
Percent Leased
34%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,163 SF
Slab To Slab
10’
Building FAR
0.35
Lot Size
1.32 AC
Zoning
C-3 - Commercial (SR 305 Corridor)
Parking
77 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Restaurant
- Signage
Property Taxes
| Parcel Number | 142601-2-039-2000 | Improvements Assessment | $3,017,230 |
| Land Assessment | $446,010 | Total Assessment | $3,463,240 |
Property Taxes
Parcel Number
142601-2-039-2000
Land Assessment
$446,010
Improvements Assessment
$3,017,230
Total Assessment
$3,463,240
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