2465 Bethel AvenuePort Orchard, WA 98366
Listing courtesy of Gary Anderson of G Anderson Group LLC
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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.
a month ago | Listing updated with changes from the MLS® | |
4 months ago | Price changed to $1,550,000 | |
4 months ago | Status changed to Active | |
4 months ago | Listing first seen on site |
Listing courtesy of Gary Anderson of G Anderson Group LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Northwest MLS.
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Based on Information submitted to the MLS Grid as of: 2024-10-29 05:00 PM PDT
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