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Black Hills Medical Park Portfolio 7 Office Properties Offered at $10,188,425 CAD in Olympia, WA
Executive Summary
This offering includes a portfolio of four medical office properties totaling 33,007 square feet (32,105 rentable square feet) within Olympia's established Black Hills Medical Park. The portfolio is fully occupied with modified gross leases, providing stable in-place income. Majority of the suites are individually metered for electricity and natural gas (gas at 405 only).
Located adjacent to MultiCare Capital Medical Center with convenient access to Highway 101 and I-5, Black Hills Medical Park is an established medical campus serving primary care, specialty, and laboratory users. Flexible suite configurations and a strong healthcare location support long-term occupancy and investment stability.
Located adjacent to MultiCare Capital Medical Center with convenient access to Highway 101 and I-5, Black Hills Medical Park is an established medical campus serving primary care, specialty, and laboratory users. Flexible suite configurations and a strong healthcare location support long-term occupancy and investment stability.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $10,188,425 CAD | Number of Properties | 7 |
| Price / SF | $307.43 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.33% | Total Building Size | 33,141 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.91 AC |
| Status | Active |
| Price | $10,188,425 CAD |
| Price / SF | $307.43 CAD / SF |
| Cap Rate | 7.33% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 33,141 SF |
| Total Land Area | 0.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 404 Black Hills Ln SW, Olympia, WA 98502 | Office | 7,081 SF | 1985 | - |
| 410 Black Hills Ln SW, Olympia, WA 98502 | Office | 6,222 SF | 1985 | - |
| 402 Black Hills Ln SW, Olympia, WA 98502 | Office | 6,072 SF | 1985 | - |
|
Bldg C-D1-D2
405 Black Hills Ln SW, Olympia, WA 98502 |
Office | 3,782 SF | 1991 | - |
|
Bldg E-F
405 Black Hills Ln SW, Olympia, WA 98502 |
Office | 3,334 SF | 1991 | - |
|
Bldg A-B1-B2
405 Black Hills Ln SW, Olympia, WA 98502 |
Office | 3,325 SF | 1991 | - |
|
Bldg G-H
405 Black Hills Ln SW, Olympia, WA 98502 |
Office | 3,325 SF | 1991 | - |
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Black Hills Medical Park Portfolio
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