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Northwest Corporate Park - Gig Harbor, WA

Northwest Corporate Park - Gig Harbor, WA


7901 Skansie Ave, Gig Harbor, WA 98353 

Rentable Bldg Area:  15,060 SF

Land Area: 52,272 SF

Year One Cap Rate: 6.81%



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  • Investment Highlights


    At an 88% occupancy rate, this asset presents a compelling investment with substantial upside potential through new
    lease agreements and strategically timed escalations.


    With direct access to SR-16 boasting a daily vehicle count of 79,769, the Northwest Corporate Park ensures both visibility and
    convenience for tenants and clients alike. Serving nearly 24,000 households within a 5-mile radius, the property operates as a
    staple in the community, providing medical care and reliability for local and regional consumers.


    With a median income of $109,920 in a 3 mile radius, Gig Harbor stands out as a premier location for businesses looking for an established consumer


    With over 60,000 residents within a 5-mile radius and a college education rate 8% above the national average, Gig Harbor
    continues to attract and retain a highly educated workforce.

  • Investment Overview

    THE VARA GROUP is delighted to present the sale offering of The Gig Harbor Medical Center, in Gig Harbor, WA. Constructed in  2000, this Class B office building encompasses 15,060 square feet
    distributed across 9 suites, catering to a diverse range of medical-focused tenants. Undergoing continual enhancements and tenant improvements, this office asset has consistently upheld its  reputation as the preferred destination for medical tenants with evolving space requirements.

    Situated on a hard corner with a generous 1.2-acre, the property enjoys unparalleled access to SR-16, the major transportation route in Gig Harbor. The well-maintained building features a modern design and ample parking, serving as a comfortable
    and convenient alternative to downtown Tacoma options. With the combination of high-quality office space in addition to its strategic location, the Gig Harbor Medical Center offers investors a
    near-stabilized entry into Gig Harbor’s growing submarket.

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