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Listed by G Anderson Group LLC
$ 1,550,000
Est. payment /mo
Active
2465 Bethel AVE Port Orchard, WA 98366
0.47 Acres Lot
UPDATED:
11/14/2024 04:05 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Port Orchard
MLS Listing ID 2283102
Style 61 - Comm Bldg Ovr 10K
Year Built 2005
Lot Size 0.470 Acres
Lot Dimensions 125 x 168
Property Description
One of the most pristine office buildings in Port Orchard is hitting the market for the first time since it was built in 2005. The list of features for this property is endless: 100% leased, abundance of parking, sprinkled, highly visible on one of the busiest roads in Port Orchard, no deferred maintenance, shared conference room, shared men's/women's bathrooms on each floor, parking access at both sides of the building, etc. Currently, each Tenant is in the midst of short-term, Full-Service Gross Leases, which enables a new owner a large upside in converting the Leases to NNN and locking in longer terms, yielding a Pro Forma CAP of 8.4%. The replacement cost for a building of this stature would be more than DOUBLE the listed asking price.
Location
State WA
County Kitsap
Area 143 - Port Orchard
Interior
Interior Features Ceramic Tile
Flooring Ceramic Tile
Fireplace false
Exterior
Exterior Feature Brick, Wood, Wood Products
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.