$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 6.5 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft.
|--||New Value: $1,667,000|
|4/22/2022 3:33:00 PM||New Value: $1,667,000|
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