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. Continue reading →