Proliance Medical Building | Rare Owner-User Surgery… — Sale in Mount Vernon, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Mount Vernon, WA 98273
  • Year built: 2001

Investment Figures

Cap rate
8.66%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is excited to present the exclusive opportunity to acquire 1500 Continental Place, a 19,904 SF medical office building located in the heart of Mount Vernon, Washington. The property was built in 2001 with durable masonry construction, and has two operating rooms. The site spans 1.66 acres with 82 surface parking stalls, delivering an above-market 4.12/1,000 SF parking ratio—an operational advantage for patient-oriented practices. Demographic trends in the surrounding area provide strong support for continued medical demand. The 5-mile population is projected to grow to over 62,600 by 2029, with nearly one in five residents aged 60 or older. Positioned just 1.6 miles (5 minutes) from Skagit Valley Hospital, the property is strategically located within the region’s core healthcare corridor, enhancing both referral opportunities and long-term tenant viability. Investment Highlights: • Rare Medical-Surgical Facility • In-Place Income Through 2027 (8.49% Cap Rate) • Prominent Corner Location • Ample Parking • Quality Construction • Designated Opportunity Zone

Market Context

This office in Mount Vernon, WA is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2001. It has been on the market for 100 days. Compare it against other office listings for sale in Mount Vernon, WA — view the full market.

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