Woodinville Medical Center

JLL is pleased to present Woodinville Medical Center, a rare stabilized multi-tenant MOB opportunity offering secure cash flow with compelling upside potential in one of the Pacific Northwest's most affluent suburban markets on the Eastside. This premier 33,216-square-foot medical destination is 100% leased to 12 tenants with a 6-year weighted average lease term, providing exceptional income stability and diversified rent roll.

Built in 1991 and renovated in 2018 and 2020, this three-story medical complex serves as Woodinville's premier healthcare destination, strategically positioned adjacent to Evergreen Health Urgent Care. The property features specialized dental and medical infrastructure including a drive-through pharmacy with covered parking, and flexible medical suites ranging from 906 to 6,097 square feet with modern finishes.

The investment is anchored by Woodinville's exceptional demographics, where median home values exceed $1 million and average household incomes average $159,000. The city consistently ranks among Washington's top suburbs (#5 for Young Professionals, #6 for Families), while offering suburban convenience with urban access to major employers and Seattle's core.

Woodinville's iconic retail and tourism districts are driving transformative growth with over 680 new multi-family units under construction representing 16% housing stock expansion since 2010. The October 2025 opening of the 164-room SOMM Hotel & Spa, a luxury Marriott Autograph Collection property, will further elevate the area's profile. Woodinville's unique identity as home to over 120+ wineries and tasting rooms like Michelle with 300,000 annual visitors, creates a vibrant economic ecosystem.

The property offers immediate mark-to-market upside potential, particularly with the ground floor space where investors can capture approximately 27% rent increase. Woodinville Medical Center represents an exceptional opportunity to acquire a fully-stabilized healthcare asset perfectly positioned to capitalize on both immediate rental growth and long-term demographic tailwinds in this supply-constrained, high-growth submarket.