Log In/Sign Up
Your email has been sent.
South Sound Radiology 2 Office Properties Offered at $8,590,000 in Olympia, WA
Investment Highlights
- Strong demographics and proximity to I-5 and Highway 101
- Located near Providence St. Peter Hospital and major medical hubs
- High-quality construction with imaging-grade infrastructure
- 23,000 SF of excess buildable land for future development
Executive Summary
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.
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.
Property Facts
| Price | $8,590,000 | Number of Properties | 2 |
| Price / SF | $795.00 / SF | Individually For Sale | 0 |
| Cap Rate | 7.35% | Total Building Size | 10,805 SF |
| Sale Type | Investment | Total Land Area | 3.40 AC |
| Status | Active |
| Price | $8,590,000 |
| Price / SF | $795.00 / SF |
| Cap Rate | 7.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,805 SF |
| Total Land Area | 3.40 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 1
3417 Ensign Rd NE, Olympia, WA 98506 |
Office | 8,519 SF | 1990 | - |
|
Bldg 2
3417 Ensign Rd NE, Olympia, WA 98506 |
Office | 2,286 SF | 1990 | - |
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
South Sound Radiology
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.