19500 10th Ave NE - Medical FOR SALE


Poulsbo, WA 98370
$5,600,000 USD
425-375-5200
19500 10th Ave NE, Poulsbo, WA for Sale
$5,600,000 USD
Medical - FOR SALE
1/16
null | 7.46% Cap Rate

19500 10th Ave NE
Poulsbo, WA 98370


HIGHLIGHTS

  • Strong Financial Outlook: The Fernwood Building benefits from 100% occupancy and a solid, growing Net Operating Income.
  • Premium Property in a Desirable Area: This is a Class A office building.
  • Reliable Tenant Mix: The property boasts a stable and diverse tenant base, anchored by a major government tenant (FBI)

OVERVIEW

The Fernwood Building presents an exceptional investment opportunity, offering a Class A office condominium with a strong financial profile and strategic location. With a current asking price of $5,600,000, the property boasts 100% occupancy across its 11,445 net rentable square feet. Built in 2007, the property features a modern design, central lobby core, elevator, and durable steel and wood frame construction, complemented by cedar shake exterior siding and reserved underground parking, ensuring both aesthetic appeal and operational efficiency. The current Net Operating Income (NOI) stands at $418,000 with a solid roster of tenants. Yielding an attractive current Cap Rate of 7.5% the property is priced to sell.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fernwood

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

4.73 AC

LAND SF

206,039 SF

ZONING

C-3

APN/PARCEL ID

8194-000-100-0008,8194-000-250-006,8194-000-270-0002,8194-000-300-0006

ASK ABOUT THIS PROPERTY

Andrew HunterHunter Investors, Inc.More Info
425-375-5200

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Andrew HunterHunter Investors, Inc.More Info
425-375-5200

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