Property Details

19930 Ballinger Way NE

Shoreline, WA 98155

$6,105,000

Available

CBA# 711754 courtesy of CBA Listing firm: Northmarq Commercial, LLC

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I’d like more information about 19930 Ballinger Way NE, Shoreline, MLS# 711754

Office / Retail

Property Type

15,265

Bldg Sq Ft

1983

Year Built

Property Overview

A premier opportunity to acquire a mission-critical surgical center in the high-barrier Shoreline submarket. The asset is fully occupied by Eviva, a dominant Pacific Northwest bariatric and aesthetic practice with a 20-year track record. The facility features a specialized build-out, including two Class C operating rooms and recovery suites, creating a “sticky” tenant with high relocation costs.Secured by a 5-year absolute NNN sale-leaseback, the investment offers a truly passive income stream with zero landlord responsibilities. As a Certificate of Need (CON) facility, the property is protected by significant regulatory barriers, as Washington State strictly limits the development of new competing surgical centers.Eviva has strategically evolved its business model to leverage the rise