2465 Bethel Avenue Port Orchard, WA 98366

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 main...tenance, 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. Continue reading