The $20 million sale of Silverdale medical building topped the list of Kitsap commercial property sales from May and June (yep, we’re playing catch-up).
The Silverdale property, home to The Doctors Clinic Salmon Medical Center, sold to a Wisconsin company in May, along with Harrison Medical Center’s Port Orchard campus.
Other big ticket deals included the sale of the Pier 1 Imports property and The Reserve at Bucklin Hill apartments, both in Silverdale.
All told, 25 commercial parcels sold in May for a combined $67.6 million, according to assessor’s records. June saw another 30 parcels change hands for $12.02 million.
Here’s a look at a few high-profile transactions:
Salmon Medical Center Silverdale — $20 million
Sale
date: May 14
Assessed value: $15.7 million
Sold by: Tim Ryan Properties LP to HP SIlverdale, LLC.
Description: A 6.4 acre property and 59,000-square-foot building at 2200 NW Myhre Road, north of Harrison Medical Center’s Silverdale campus.
Notes: Tim Ryan developed the center, which is leased to The Doctors Clinic. The buyer was a subsidiary of The Hammes Company of Wisconsin.
Harrison Port Orchard — $13.74 million
Sale
date: May 14
Assessed value: $13.76
Sold by: Tim Ryan Properties LP to HP Port Orchard, LLC.
Description: Two tax parcels totaling 8 acres at 450 South Kitsap Boulevard. The 32,000-square-foot medical building is home to a Harrison Medical Center’s urgent care and other services.
Notes: Another Tim Ryan property sold to The Hammes Company.
The Reserve at Bucklin Hill — $12.84 million
Sale date: May 7
Assessed value: $12.33 million
Sold by: Emerald Crest, LLC. to Bucklin Hill Residential, LLC.
Description: A 9.5-acre property with apartment complex on Mirage Lane and Sid Uhinck Drive in Silverdale.
Notes: Bucklin Hill Residential is a Dale Sperling company. Sperling is a well known developer who recently bought Bremerton’s old Nite Shift bar.
Pier 1 Imports — $3.19 million
Sale date: June 1
Assessed value: $2.99 million
Sold by: DHJ Pier Silverdale, LLC. to Stone-Wall Properties, Inc.
Description: A 1.2-acre property and 10,000-square-foot store at 3235 NW Plaza Rd, near Kitsap Mall.
Former Winslow Way restaurant — $1.75 million
Sale
date: June 5
Assessed value: $625,000
Sold by: Stephen and Gayle Seyl to Madison Avenue Development Inc.
Description: A 1-acre property with a couple of structures at 251 Winslow Way West (west of Madison Avenue).
Notes: This property was home to a couple of restaurants. The 122 Bar and Restaurant occupied a space along Winslow Way. It burned down in 2012 in a fire likely caused by lightning.
The popular Bainbridge Island BBQ was located in a house at the south end of the parcel, before closing in 2013.
Madison Avenue Development Inc. owns a number of prominent Winslow properties.
Poulsbo waterfront — $1.16 million
Sale date: May 4
Assessed value: $607,600
Sold by: Michael D Bohannon PLLC (trustee) to Sophia Solario
Description: Two tax parcels totaling one-third of an acre at 19043 and 19041 Front Street, west of the Sons of Norway. Buildings are home to Bei Capelli Salon and Olympic Photo Group.
Notes: This was a trustee’s sale forced by Solario, who’d loaned money to former owner Harbor Lights Development, LLC., according to documents filed with the county.
Do you know what the newly-commercial(ized) property at the corner of Greaves Way and Old Frontier Rd in Silverdale is going to be? It was recently sold as commercial property and it looks like they are converting it from a single family home into some sort of office.
https://www.google.com/maps/place/10730+Old+Frontier+Rd+NW,+Silverdale,+WA+98383/@47.660077,-122.702738,17z/data=!3m1!4b1!4m2!3m1!1s0x54903ab9e9dd7a97:0x434b485d7aeabd90