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 12/23/2024. 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 12/23/2024 at 1:00 PM 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 12/23/2024 at 1:00 PM UTC 

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