2465 Bethel Ave - Office FOR SALE


Port Orchard, WA 98366
$1,550,000 USD
360-731-3739
2465 Bethel Ave, Port Orchard, WA for Sale
$1,550,000 USD
Office - FOR SALE
1/3
null | 5.34% Cap Rate

2465 Bethel Ave
Port Orchard, WA 98366


HIGHLIGHTS

  • 100% Leased Property
  • Abundant Parking
  • Set on one of the busiest roads in Port Orchard

OVERVIEW

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%. Last but not least, the estimated replacement cost for a building of this stature would be more than DOUBLE the listed asking price. This high-quality investment opportunity will not last long. Current and Pro Forma Rent Rolls available upon request.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

5.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bethel Corridor Place

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CITY

APN/PARCEL ID

362401-3-007-20-02

ASK ABOUT THIS PROPERTY

Gary AndersonG Anderson Group LLCMore Info
360-731-3739

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Gary AndersonG Anderson Group LLCMore Info
360-731-3739

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