$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.
| Date | Price |
|---|---|
| -- | New Value: $1,667,000 |
| 4/22/2022 3:33:00 PM | New Value: $1,667,000 |
This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate Shelton website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate Shelton. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol:
provided by Northwest Multiple Listing Service, 2023. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.
