For more information on this listing, please contact...
Coldwell Banker Koetje Real Estate
360-675-5915
1-800-869-7129
Email  |  YouTube
  • Listing #:
    • 1100503
  • Price:
    • $3,767,400
  • Status:
    • Active
  • Property Type:
    • Commercial
  • Type:
    • Comm Bldg Ovr 10K
  • # of Acres:
    • 5.08
  • Lot Sq.Ft.:
    • 221,274
  • Year Built:
    • 1977
  • Address:
    • 609 619,631+ Oak St
  • Community:
    • Oak Harbor
  • City:
    • Oak Harbor
  • County:
    • Island
  • State:
    • WA
  • Zip:
    • 98277
  • Terms:
    • Cash Out
  • Right of 1st Refusal:
    • No
QR Code

Description
Excellent Investment Opportunity. 35,620 Sq Ft Included In 4 Industrial Buildings, Each On A Separate Tax Parcel, Leased To A Strong National Tenant. The Business Has Been In This Location Since 1978. Leases Are All Triple Net With Tenant Paying Property Taxes, Insurance, All Utilities And Normal Maintenance Expenses. Cap Rate Is 8%.
Property Features
  • Misc Details
    • Form 17:
      • - Provided
  • Unit 1
    • Description:
      • - 609
    • Rent Unit 1:
      • - 17268
    • Square Feet Unit 1:
      • - 2400
  • Unit 2
    • Description:
      • - 619
    • Rent Unit 2:
      • - 112104
    • Square Feet Unit 2:
      • - 15500
  • Unit 3
    • Description:
      • - 631
    • Rent Unit 3:
      • - 103296
    • Square Feet Unit 3:
      • - 9000
  • Unit 4
    • Description:
      • - 660
    • Rent Unit 4:
      • - 68724
    • Square Feet Unit 4:
      • - 8720
  • Tax Details
    • Tax Year:
      • - 2016
    • Tax Expense:
      • - $16,246.00
  • Income / Expenses
    • Cap Rate -NOI Div LP:
      • - 8.00
    • Net Operating Costs:
      • - $301,392.00
    • Total Monthly Rent:
      • - $25,116.00
    • Gross Scheduled Income:
      • - $303,392.00
    • Gross Adjusted Income:
      • - $303,392.00
  • Build Sq Ft
    • Approx. Building Sq. Ft.:
      • - 35,620.00
    • Total Square Feet Rented:
      • - 35620
  • Building Details
    • Building Condition:
      • - Very Good
  • Building Details
    • Features:
      • - Disabled Access
    • Floor Covering:
      • - Concrete
      • - Vinyl
    • Foundation:
      • - Poured Concrete
    • Exterior:
      • - Metal / Vinyl
    • Roof:
      • - Metal
  • Lot Details
    • Lot Dimensions:
      • - Varies
  • Land Details
    • Topography:
      • - Level
  • Utilities
    • Power Company:
      • - Pse
    • Sewer:
      • - Septic
    • Water Company:
      • - City Of Oak Harbor
    • Water Source:
      • - Public
  • Zoning
    • General Zoning Classification:
      • - Industrial-light
    • Zoning Jurisdiction:
      • - County
Nearby Listings
0.00 Mi.

609 and 619 Oak St

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 0 ft²
0.06 Mi.

631 Oak St

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 0 ft²
0.32 Mi.

1751 N Goldie St

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 0 ft²
For more information on this listing, please contact...
Coldwell Banker Koetje Real Estate
360-675-5915
1-800-869-7129
Email  |  YouTube

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