Marcus & Millichap has arranged the sale of Cynergy Centre, a medical office asset in Kennewick, Washington. The 20,284-square-foot building sold for $5.1 million in an all-cash transaction, highlighting continued investor interest in healthcare-oriented properties in the Tri-Cities region.
Cynergy Centre is located at 4309 W. 27th Place and was constructed in 2006. The property sits on 1.12 acres and is fully leased on triple-net terms. Tenancy spans a diverse group of healthcare, financial services, personal care and retail users, providing multiple income streams within the single-building asset.
According to Marcus & Millichap, the offering attracted multiple offers within days of coming to market. Ruthanne Loar, associate investments with the firm, noted that the rapid response from buyers reflected sustained demand for well-located medical office investments in the Tri-Cities area. She also highlighted that the purchaser executed a 1031 exchange, selling out of Texas and redeploying capital into Washington, as a sign of confidence in the long-term performance of the Kennewick market.
The seller, Cynergy Enterprises LLC, engaged Marcus & Millichap to exclusively market the property. Loar, together with investment specialists Clay Brown and Trevor Lane from the firm's Seattle office, led the marketing process for the seller and also sourced the buyer, identified as 4309 West 27th Place LLC. The deal structure as an all-cash acquisition eliminated financing contingencies and allowed the buyer to complete the 1031 exchange efficiently.
The combination of a fully leased rent roll, triple-net lease structure and multi-tenant mix across healthcare and related services positions Cynergy Centre as a stable income property. The transaction further underscores continued capital interest in medical office properties that serve as essential-service locations and draw traffic from a range of service users in their local trade areas.
While detailed lease terms, tenant-by-tenant information and buyer plans were not disclosed, the sale illustrates how stabilized medical office assets in secondary markets such as Kennewick continue to draw attention from exchange buyers seeking to place capital into income-producing properties. The participation of multiple bidders and the execution of an all-cash 1031 exchange highlight how this segment of the investment sales market remains active.
