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South Sound Radiology 2 Office Properties Offered at $11,990,953 CAD 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 | $11,990,953 CAD | Number of Properties | 2 |
| Price / SF | $1,110 CAD / 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 | $11,990,953 CAD |
| Price / SF | $1,110 CAD / 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 | - |
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South Sound Radiology
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