Bethel Corridor Place | 2465 Bethel Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Bethel Corridor Place 2465 Bethel Ave
8,658 SF 100% Leased Office Building Port Orchard, WA 98366 £1,222,950 (£141/SF) 5.34% Net Initial Yield
Investment Highlights
- 100% Leased Property
- Set on one of the busiest roads in Port Orchard
- Abundant Parking
Executive Summary
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 maintenance, 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%. Last but not least, the estimated replacement cost for a building of this stature would be more than DOUBLE the listed asking price. This high-quality investment opportunity will not last long. Current and Pro Forma Rent Rolls available upon request.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £164,904 | £19.05 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £164,904 | £19.05 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £54,101 | £6.25 |
Net Operating Income | £110,803 | £12.80 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | £164,904 |
Annual Per SF | £19.05 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £164,904 |
Annual Per SF | £19.05 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £54,101 |
Annual Per SF | £6.25 |
Net Operating Income | |
---|---|
Annual | £110,803 |
Annual Per SF | £12.80 |
Property Facts
Sale Type
Investment
Property Type
Building Size
8,658 SF
Building Class
B
Year Built
2005
Price
£1,222,950
Price Per SF
£141
Net Initial Yield
5.34%
NOI
£65,295
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,329 SF
Slab to Slab
9 ft
Building FAR
0.41
Land Acres
0.48 AC
Opportunity Zone
Yes
Zoning
CITY - Commercial Mixed Use
Parking
26 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Property Manager on Site
- Signage
- Kitchen
- Reception
- Central Heating
- DDA Compliant
- Lift Access
- Natural Light
- Partitioned Offices
- Monument Signage
- Air Conditioning
1 of 1
PROPERTY TAXES
Parcel Number | 362401-3-007-2002 | Improvements Assessment | £1,109,547 (2025) |
Land Assessment | £150,162 (2025) | Total Assessment | £1,259,709 (2025) |
PROPERTY TAXES
Parcel Number
362401-3-007-2002
Land Assessment
£150,162 (2025)
Improvements Assessment
£1,109,547 (2025)
Total Assessment
£1,259,709 (2025)
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Bethel Corridor Place | 2465 Bethel Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.