1353-1397 Olney Ave - Retail FOR SALE


Port Orchard, WA 98366
$5,950,000 USD
206-778-1177
1353-1397 Olney Ave, Port Orchard, WA for Sale
$5,950,000 USD
Retail - FOR SALE
1/8
null | 6.31% Cap Rate

1353-1397 Olney Ave
Port Orchard, WA 98366


HIGHLIGHTS

  • Significant Lease-Up Potential
  • High-Quality Anchor Tenant
  • Below-Market Anchor Rent
  • Attractive Pricing Metrics
  • Prime High-Traffic Location
  • Affluent Growing Demographics

OVERVIEW

Colliers Retail Capital Markets and First Western Properties are pleased to present the exceptional Value-Add opportunity to acquire Port Orchard Shopping Center, a Bi-Mart anchored neighborhood center at the heart of a fast-growing community. With an excellent customer-driving anchor that has nearly 13 years of lease term remaining, combined with ideal destination-oriented shop tenants, and sitting at one of the busiest commercial intersections in the city, Port Orchard Shopping Center has the intrinsic qualities that characterize a long-term stabilized investment. For an investor seeking both cash-flow stability with substantial value-add upside, Port Orchard Shopping Center has the investment characteristics that investors desire.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Port Orchard Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.24 AC

LAND SF

358,934 SF

ZONING

CC

APN/PARCEL ID

302402-3-047-2009

ASK ABOUT THIS PROPERTY

Ryan MarnFirst Western PropertiesMore Info
206-778-1177

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Ryan MarnFirst Western PropertiesMore Info
206-778-1177

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