19500 10th Ave NE

    Poulsbo, WA 98370
    • $4,950,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 1403664
    $4,950,000
    • 0
      BEDS
    • 4.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2007
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Realogics Sotheby's Int'l Rlty.

    Description

    The Fernwood Building is a commercial condominium building located in rapidly growing Kitsap County. This unique offering consists of three office condominiums, leased by outstanding AAA credit rated tenants, that comprise 76% of the building's rentable square footage. The tenants include Harrison Health Partners, GSA, and a property development firm.. all w/ long term leases. Low operating expenses and the building is managed by the owners association. Stable/guaranteed income. 6.60% CAP rate.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T00:17:21.633.

    www.costelloteam.com/homes/92043995

    19500 10th Ave NE Poulsbo, WA 98370

    • Price: $4,950,000
    • Status: Active
    • ID#: 1403664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.73
    Acres
    2007
    Built
    Neighborhood:
    Poulsbo
    County:
    Kitsap
    Area:
    Poulsbo
    Property Description
    The Fernwood Building is a commercial condominium building located in rapidly growing Kitsap County. This unique offering consists of three office condominiums, leased by outstanding AAA credit rated tenants, that comprise 76% of the building's rentable square footage. The tenants include Harrison Health Partners, GSA, and a property development firm.. all w/ long term leases. Low operating expenses and the building is managed by the owners association. Stable/guaranteed income. 6.60% CAP rate.
    Exterior Features

    Building Condition Very Good Exterior Wood Foundation Poured Concrete Lot Depth 0 Lot Topography And Vegetation Sloped Roof Composition Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 14 Total Uncovered Parking Spaces 75 Waterfront Footage 0

    Interior Features

    Building Sq Ft 12271 Ceiling Height 9'-0' Floor Covering SlateVinylWall to Wall Carpet Heating And Cooling Forced AirHeat Pump Office Sq Ft 11928 Total Sq Ft Rented 11928

    Property Features

    Assessed Value Improvements 1714050 Assessed Value Land 0 Assessed Value Total 1714050 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 6.60 Cap Rate Y Commercial Features ElevatorSignage IncludedSprinkleredJ Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear Y General Zoning Classification CommercialOffice Gross Adjusted Income 393311 Gross Rent Multiplier 0 Gross Scheduled Income 393311 Heating Expenses 0 Hers Index 0 Home Owner Dues 4858 Insurance Expenses 0 Lot Number Sec 14Twp 26 Net Operating Income 326701 Other Expenses 58300 Possession Closing Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Poulsbo Tax Amount 8310 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 66610 Total Expenses TEX 66610 Total Monthly Rent 32775 Vacancy Rate 0 Water Company Pud Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Costello Team | Windermere Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T00:17:21.633.

     
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    Listing Courtesy of Realogics Sotheby's Int'l Rlty.