Provided by NWMLS, Listed by G Anderson Group LLC
Active
2465 Bethel Avenue
Port Orchard WA, 98366
$1,550,000
Active
Commercial
Built in 2005
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.
2283102
MLSⓇ ID
August 26, 2024
Listed
November 22, 2024
Updated
Map
2465 Bethel Avenue
Port Orchard WA, 98366
Interior Features
Interior Features
Ceramic Tile
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.47 Acres
Exterior Features
Brick, Wood, Wood Products
Roof
Composition
Sewer
Sewer Connected
Other Property Details
Area Name
143 - Port Orchard
Garage
No
Parking Total
27
View
No
County
Kitsap
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/30/2024 | Price change | $1,550,000 3% |
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/14/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/14/2024 at 2:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 12/14/2024 at 2:00 AM UTC