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Fernwood Building Office Condos 5 Office Condos Offered at $5,600,000 in Poulsbo, WA
INVESTMENT HIGHLIGHTS
- Strong Financial Outlook: The Fernwood Building benefits from 100% occupancy and a solid, growing Net Operating Income.
- Reliable Tenant Mix: The property boasts a stable and diverse tenant base, anchored by a major government tenant (FBI)
- Premium Property in a Desirable Area: This is a Class A office building.
EXECUTIVE SUMMARY
The Fernwood Building presents an exceptional investment opportunity, offering a Class A office condominium with a strong financial profile and strategic location. With a current asking price of $5,600,000, the property boasts 100% occupancy across its 11,445 net rentable square feet. Built in 2007, the property features a modern design, central lobby core, elevator, and durable steel and wood frame construction, complemented by cedar shake exterior siding and reserved underground parking, ensuring both aesthetic appeal and operational efficiency. The current Net Operating Income (NOI) stands at $418,000 with a solid roster of tenants. Yielding an attractive current Cap Rate of 7.5% the property is priced to sell.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Investigations
PROPERTY FACTS
| Price | $5,600,000 | Status | Active |
| Price / SF | $506.92 / SF | Number of Properties | 5 |
| Sale Conditions | Individually For Sale | 0 | |
| Cap Rate | 7.46% | Total Building Size | 11,047 SF |
| Sale Type | Investment NNN |
| Price | $5,600,000 |
| Price / SF | $506.92 / SF |
| Sale Conditions | |
| Cap Rate | 7.46% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 11,047 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Fernwood
19500 10th Ave NE, 1st Floor - Unit 150, Poulsbo, WA 98370 |
Office Condo | 3,211 SF | 2007 | - |
|
Fernwood
19500 10th Ave NE, 2nd Floor - Unit 250, Poulsbo, WA 98370 |
Office Condo | 2,986 SF | 2007 | - |
|
Fernwood
19500 10th Ave NE, 1st Floor - Unit 100, Poulsbo, WA 98370 |
Office Condo | 1,953 SF | 2007 | - |
|
Fernwood
19500 10th Ave NE, 1st Floor - Unit 110, Poulsbo, WA 98370 |
Office Condo | 1,649 SF | 2007 | - |
|
Fernwood
19500 10th Ave NE, 2nd Floor - Unit 270, Poulsbo, WA 98370 |
Office Condo | 1,248 SF | 2007 | - |
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Fernwood Building Office Condos
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