2465 Bethel Avenue
Port Orchard, WA 98366
0.47 acres | #2283102
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.
Property Details
- Exterior MaterialsBrick, Wood, Wood Products
- Style61 - Comm Bldg Ovr 10K
- Property SubtypeCommercial Industrial
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Date ListedAugust 26, 2024
- InteriorCeramic Tile
- SubdivisionPort Orchard
- Structure TypeUnspecified
- Original List Price$1,500,000
- Property ConditionVery Good
- Property TypePurchase
- MLS #2283102
- Cost1550000
- MLS #2283102
- Utility SourcePublic
- CountyKitsap
- Acres0.47
- Year Built2005
- Days on Market (Cumulative)115
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:05:46. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Gary Anderson (#NWM1799)
Listing Office: G Anderson Group LLC (#NWM2518)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
