107 S Main St - Medical FOR SALE


Coupeville, WA 98239
$6,600,000 USD
360-820-2000
107 S Main St, Coupeville, WA for Sale
$6,600,000 USD
Medical - FOR SALE
1/15
null | 6.5% Cap Rate

107 S Main St
Coupeville, WA 98239


HIGHLIGHTS

  • Long-term proven investment history
  • Diverse portfolio of medical, professional, retail, and office tenants
  • Situated on Main Street and Hwy 20

OVERVIEW

Coupe’s Village is a well-established retail and office complex with a long-term proven investment history. The complex consists of 7 buildings with a wide range of suite sizes (120 SF – 2,728 SF +/-), to attract a diverse portfolio of tenants; many of the medical, professional, retail, and office users have occupied for the last 10+ years. Notable long-term tenants include Penn Cove Vet Clinic and Coupeville Dental, both of which recently expanded their premises, and Peoples Bank. Situated on Main Street and the primary arterial for Whidbey Island, Hwy 20, this site has easy access from the signalized intersection, good exposure, plus plenty of on-site parking. A well trafficked area, Whidbey Health Medical Center is located just on the other side of Hwy 20 and Coupeville Schools occupy the same stretch of Main Street. A unique base of knowledge is provided by the current owner who designed, built in phases from 2001-2005, and currently self-manages the entire development.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

CP

APN/PARCEL ID

R13233-020-4350

ASK ABOUT THIS PROPERTY

Troy MuljatMuljat Group CommercialMore Info
360-820-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Troy MuljatMuljat Group CommercialMore Info
360-820-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.