12681-12685 Miller Rd NE

    Bainbridge Island, WA 98110
    • $2,650,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: 1256658
    UPDATED: 62 min ago
    $2,650,000
    • 0
      BEDS
    • 1.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2001
    County:

    School Ratings & Info

    Listing Courtesy of Johansson Clark Real Estate.

    Description

    Newer high construction high quality 14,000 square foot main building with elevator and premium interior finishes. Main tenant with approximately 85% of occupancy) has 4.5 years plus 5 year option on lease. Smaller building is 6,400 sq. ft. with 3 tenants upstairs. Property should be a stable long term investment with minimal maintenance and repairs required. The Day Road Industrial Park historically has little vacancy and is being sold at approximately a 5.3% 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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-18T20:18:25.383.

    www.nwhomeexperts.com/homes/81497154

    12681-12685 Miller Rd NE Bainbridge Island, WA 98110

    • Price: $2,650,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 1256658
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.1
    Acres
    2001
    Built
    Neighborhood:
    Bainbridge Island
    County:
    Kitsap
    Area:
    Bainbridge Island
    Property Description
    Newer high construction high quality 14,000 square foot main building with elevator and premium interior finishes. Main tenant with approximately 85% of occupancy) has 4.5 years plus 5 year option on lease. Smaller building is 6,400 sq. ft. with 3 tenants upstairs. Property should be a stable long term investment with minimal maintenance and repairs required. The Day Road Industrial Park historically has little vacancy and is being sold at approximately a 5.3% cap rate.
    Exterior Features

    Building Condition Very Good Construction Methods Steel & Concrete Exterior Metal/VinylTilt-Up Loading 1-3 Bays Lot Depth 0 Lot Topography And Vegetation Level Roof Built-UpMetal Site Frontage 411 Style 71 - Light Indrl. Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 50 Waterfront Footage 13400

    Interior Features

    Building Sq Ft 20400 Heating And Cooling Ductless HP-Mini Split Office Sq Ft 7000 Total Sq Ft Rented 20400

    Property Features

    Assessed Value Improvements 1981250 Assessed Value Land 466710 Assessed Value Total 2447960 Assessed Value Year 2017 Available Pads 0 Bank Owned No Boundary Survey 5.44 Cap Rate Y Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Expansion Area N Form17 Provided General Zoning Classification Industrial-Light Gross Adjusted Income 213500 Gross Rent Multiplier 0 Gross Scheduled Income 226800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3262 Net Operating Income 144064 Other Expenses 11551 Possession ClosingSub. Tenant's Rights Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Septic Sewer Company Private Septic Tax Amount 26576 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 17500 Vacancy Rate 3 Water Company Pud #1 Water Sewer Garbage 28047 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 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 NW Home Experts 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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-06-18T20:18:25.383.

     
    NW Home Experts
    1217 Cooper Point Road SW # 5
    Olympia WA, 98502
    Listing Courtesy of Johansson Clark Real Estate.