www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28220409
28220410

1500 Continental Pl, Mount Vernon, WA 98273

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
DW
WA WA134386
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$6,800,000
206 days on market
Updated 52 days ago
Opportunity zone

Proliance Medical Building

Details
Property Type Office
Sub Type Medical Office
Square Footage 19,904
Net Rentable (SqFt) 19,904
Cap Rate 8.66%
NOI $588,731
Tenancy Vacant
Lease Type NNN
Lease Expiration 09/30/2027
Remaining Term 1.3
Lease Options None
Price per SqFt $342
Broker Co-Op Yes
Year Built 2001
Buildings 1
Acreage 1.660
Zoning C-2 General Commercial District
Parking Spaces 82 spaces
Parking Per SqFt 4.12
Investment Type Owner/User
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Owner-User Premier Surgical Center | For Sale or Lease

Marketing description

BROWN RETAIL GROUP 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

  • FOR SALE OR LEASE
  • Rare Medical-Surgical Facility
  • In-Place Income Through 2027
  • Prominent Corner Location
  • Ample Parking
  • Quality Construction
  • Designated Opportunity Zone

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
DW
WA WA134386
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$588,731.00
$49,060.92/mo

Valuation Metrics

0
DSCR
8.66%
Cap Rate
8.66%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
Name
Dylan Wolf
License
WA134386
Brokerage Phone
2533343761
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591