9692 Levin Road NW

Office: Medical/Dental

9692 Levin Rd NW, SilverdaleWA 98383

Property Details

Location

Address
9692 Levin Rd NW, SilverdaleWA 98383
County
Kitsap
Submarket
CBA Silverdale
Parcels
162501-3-101-2000

Building Size

Building Size
12,138 SF
Rentable Space
10,320 SF

Building Details

Type
 Office: Medical/Dental
Number of Buildings
1
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
B
Building Status
Existing
Floors
2
Year Built
1996
Sprinklers
Parking Ratio
Owner Occupied
Yes

Land & Utilities

Land (Acres)
0.76 Acres
Land (SF)
33,170 SF
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Silverbay Professional Building

$3,300,000
Cap Rate: 6.83%

Marcus & Millichap is pleased to offer for sale the Silverbay Professional Building, as special build medical facility in Silverdale, WA. Built in 1996, the 12,138 square foot building sits on a 33,106 square foot lot and is 100% leased to five specialty dental practices. Silverbay Professional Building is located at 9692 Levin Rd NW, less than a mile from the brand-new state of the art St Michael Medical Center, the county’s largest hospital. The specialized suites and proximity to the St Michael Medical Center has made the property the ideal home to the area’s top dental professionals. Since the opening of St Michael in 2020 the increased demand for specialized medical office space has resulted in a rise of rents. The Silverbay Professional Building now represents a unique opportunity for an investor to directly benefit from this demand.

Silverdale, Washington is centrally located on the Kitsap Peninsula 33 miles west of Seattle. Silverdale is located in Kitsap County and is connected to the eastern shore of Puget Sound by Washington State Ferries routes. Kitsap County is rated second highest in population density in the state of Washington, second only to King County which includes the cities of Seattle, Bellevue, Renton, Redmond, Auburn and Kent among other cities. The United States Navy continues to be the largest employer in Kitsap county with Naval Base Kitsap being the third largest Navy base in the U.S. Silverdale is situated along Highway 3 and located on the west side of the Puget Sound between the Olympic and Cascade Mountain Ranges. Silverdale has 21,858 residents and continues to grow steadily with the influx of new businesses and retail locations.

Kitsap’s idyllic setting and close proximity to the metro Seattle area makes Tourism one of Kitsap’s top economic drivers. Easily accessible from Downtown Seattle via a 30-60 minute ferry, Kitsap offers limitless recreational and hospitality opportunities framed by 250 miles of salt water shoreline and 850 square miles of mature green canopy under the Olympic Mt. Range & National Park.

Marcus & Millichap is pleased to offer for sale the Silverbay Professional Building, as special build medical facility in Silverdale, WA. Built in 1996, the 12,138 square foot building sits on a 33,106 square foot lot and is 100% leased to five specialty dental practices. Silverbay Professional Building is located at 9692 Levin Rd NW, less than a mile from the brand-new state of the art St Michael Medical Center, the county’s largest hospital. The specialized suites and proximity to the St Michael Medical Center has made the property the ideal home to the area’s top dental professionals. Since the opening of St Michael in 2020 the increased demand for specialized medical office space has resulted in a rise of rents. The Silverbay Professional Building now represents a unique opportunity for an investor to directly benefit from this demand.

Silverdale, Washington is centrally located on the Kitsap Peninsula 33 miles west of Seattle. Silverdale is located in Kitsap County and is connected to the eastern shore of Puget Sound by Washington State Ferries routes. Kitsap County is rated second highest in population density in the state of Washington, second only to King County which includes the cities of Seattle, Bellevue, Renton, Redmond, Auburn and Kent among other cities. The United States Navy continues to be the largest employer in Kitsap county with Naval Base Kitsap being the third largest Navy base in the U.S. Silverdale is situated along Highway 3 and located on the west side of the Puget Sound between the Olympic and Cascade Mountain Ranges. Silverdale has 21,858 residents and continues to grow steadily with the influx of new businesses and retail locations.

Kitsap’s idyllic setting and close proximity to the metro Seattle area makes Tourism one of Kitsap’s top economic drivers. Easily accessible from Downtown Seattle via a 30-60 minute ferry, Kitsap offers limitless recreational and hospitality opportunities framed by 250 miles of salt water shoreline and 850 square miles of mature green canopy under the Olympic Mt. Range & National Park.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

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