Finn Hill Professional Building | 20307 Viking Ave NW
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Finn Hill Professional Building 20307 Viking Ave NW
8,375 SF 100% Leased Office Building Poulsbo, WA 98370 £1,222,950 (£146/SF) 4.09% Net Initial Yield
Executive Summary
Welcome to the Finn Hill Professional Building, an iconic landmark in Poulsbo, Washington, blending business excellence with historical charm.
Investment Potential: Comparable properties in Silverdale have sold for $4.1 million, highlighting the growth potential and current CAP rate of 4%, with room for expansion to 7%.
Prime Location: Situated at the busy corner of Viking Avenue NW and NW Finn Hill Road, this 8,375-square-foot building offers timeless craftsmanship and impeccable maintenance and well updated since 1980.
Functional Design: Featuring six office suites spread across two levels, with lower-level parking, a welcoming foyer, and shared amenities for seamless business operations.
Diverse Tenant Mix: Home to a variety of businesses including chiropractic care, acupuncture, massage therapy, dental services, photography, and co-working spaces, fostering a vibrant community atmosphere.
Ample Parking: Two parking lots with 49 wide parking stalls ensure convenience for clients and employees, complemented by beautifully landscaped surroundings.
Versatile Zoning: Zoned as C-2 Viking Avenue by the City of Poulsbo, offering flexibility for various business ventures and future growth opportunities.
Experience the blend of tradition and opportunity at Finn Hill Professional Building, where your business meets its full potential.
Investment Potential: Comparable properties in Silverdale have sold for $4.1 million, highlighting the growth potential and current CAP rate of 4%, with room for expansion to 7%.
Prime Location: Situated at the busy corner of Viking Avenue NW and NW Finn Hill Road, this 8,375-square-foot building offers timeless craftsmanship and impeccable maintenance and well updated since 1980.
Functional Design: Featuring six office suites spread across two levels, with lower-level parking, a welcoming foyer, and shared amenities for seamless business operations.
Diverse Tenant Mix: Home to a variety of businesses including chiropractic care, acupuncture, massage therapy, dental services, photography, and co-working spaces, fostering a vibrant community atmosphere.
Ample Parking: Two parking lots with 49 wide parking stalls ensure convenience for clients and employees, complemented by beautifully landscaped surroundings.
Versatile Zoning: Zoned as C-2 Viking Avenue by the City of Poulsbo, offering flexibility for various business ventures and future growth opportunities.
Experience the blend of tradition and opportunity at Finn Hill Professional Building, where your business meets its full potential.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,375 SF
Building Class
B
Year Built
1980
Price
£1,222,950
Price Per SF
£146
Net Initial Yield
4.09%
NOI
£49,975
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,188 SF
Slab to Slab
9 ft
Building FAR
0.19
Land Acres
1.02 AC
Zoning
CITY
Parking
42 Spaces (5.01 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 152601-1-144-2003 | Improvements Assessment | £944,409 |
| Land Assessment | £291,843 | Total Assessment | £1,236,253 |
PROPERTY TAXES
Parcel Number
152601-1-144-2003
Land Assessment
£291,843
Improvements Assessment
£944,409
Total Assessment
£1,236,253
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Joey Soller -
KW Commercial
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Finn Hill Professional Building | 20307 Viking Ave NW
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