Bought with eXp Realty
$1,350,000
$1,570,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
3721 Kitsap Way Bremerton, WA 98312
0.8 Acres Lot
Key Details
Sold Price $1,350,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Oyster Bay
MLS Listing ID 2183314
Sold Date 04/30/24
Style 60 - Comm Bldg Und 10K
Year Built 1979
Lot Size 0.800 Acres
Property Description
First time in the market in almost 50 years, the Westgate Plaza on Kitsap Way in Bremerton is a two floor cash flow opportunity for any investor, 1031 exchange, and/or property owner needing a stable income stream. With only 1 vacancy, and a mixed Tenant base made up of mostly retail and office users, the property is priced at a 7.6% CAP rate, right in line with the market for the area. In addition, staggering lease expirations for the 6 current Tenants will help a new owner navigate market rates without having to worry about multiple vacancies all at once. Financials/rent roll, Leases, and maintenance reports are available once under contract.
Location
State WA
County Kitsap
Area 148 - West Bremerton
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet, Laminate, Laminate Tile, Laminate Hardwood
Flooring Ceramic Tile, Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157