Northmarq is pleased to present Wheaton Business Center, a 52,572-squarefoot, multi-building office property in Bremerton, Washington, offering investors a compelling opportunity to acquire a value-add asset at an attractive basis in one of the Puget Sound’s most defense-anchored submarkets. The property is currently approximately 65% occupied, providing an established base of medical, wellness, and professional-service tenants, providing ownership with durable in-place income from day one. Layered on top of that in-place cash flow is a clear, self-directed path to drive returns through lease-up, giving a buyer both downside protection and meaningful upside.
The surrounding submarket is defined by the presence of Naval Base Kitsap and Puget Sound Naval Shipyard, one of the largest concentrations of stable, high-wage employment on the West Coast, further supported by Olympic College’s talent pipeline directly in the city core. For a value-add business center positioned to capture lease-up upside, that anchor tenancy base translates into durable, recession-resistant demand for the medical and professional-service space the property serves.