$5,135,000
This exceptional investment opportunity includes five light-industrial warehouse buildings and three undeveloped lots in the well-established Arbor Business Park, offering significant potential for growth and long-term value.
Designed with both quality and sustainability in mind, this project has been recognized with awards for its superior construction and environmentally-friendly building methods and materials.
Five buildings (valued at $4,465,000) produce an NOI of $307,000 at a CAP rate of 6.88%. The three vacant lots (valued at $670,000) are fully serviced and pre- approved for development.
For Sale:
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- Site: 5 buildings, 3 lots, common area
- Total Annual Income: $399,447
- Annual Operating Expenses: $92,309
- Net Operating Income: $307,000
- Property Address: 26121-26135 Calvary LN NE, Kingston, WA 98110
- Rentable Space: 33,050 RSF
- Improved Lot Value: $4,465,000 - ($135.10 /sf)
- Vacant Land Area: 83,853 sf
- Vacant Land Value: $670,000 - ($7.99 /sf)
- Year Built: 1999-2006
- Zoning: Kitsap County, REC
Arbor Business Park is a 2001 binding site plan and designates each building and lot with its own tax parcel. The buyer may sell one or more buildings or lots individually. From a development perspective, this flexibility empowers an owner/user to expand as needed, and also enables an investor to tailor new construction for a future long-term user.
Conveniently located just 12 minutes from both Kingston and Poulsbo, this property also benefits from easy access to major regional transportation routes in centrally located North Kitsap County.
Buildings
Aerials
Three Approved Vacant Building Lots
Arbor Business Park includes three approved building sites.
When combined with each site's share of common area, the total excess land is calculated as follows:
Lot A1: 4,356 sf + 21,998 common = 26,354 sf
Lot A2: 5,663 sf + 21,998 common = 27,661 sf
Lot B1: 7,841 sf + 21,998 common = 29,839 sf
