FBI and United Healthcare Anchored Class A Office 8% Cap Rate (Investment /Owner User)
19500 10th Avenue Northeast, Poulsbo, WA 98370Sale Type
Call For Offers
List Price
$5,200,000
- Property Type
- Office
- Year Built
- 2007
- Square Feet
- 12,333
Sale Type
Call For Offers
List Price
$5,200,000
- Property Type
- Office
- Year Built
- 2007
- Square Feet
- 12,333
Overview
Facts
Premier Fully Leases Class A Office Condominium Opportunity in Kitsap County, Washington
Discover the Fernwood Building—a distinguished Class A office condominium offering exceptional design, functionality, and investment stability in the heart of Poulsbo. Built in 2007, this two-story property combines timeless Northwest architecture with modern amenities, creating an ideal environment for professional, medical, and creative office users.
- Fully Leased: 100% occupancy with corporate-grade tenants on NNN leases.
- Strong Financials: NOI of approximately $420,000
- Strategically positioned near Highway 305 for seamless access to Bainbridge Island, Silverdale, and the greater Puget Sound region.
- Close to essential amenities—restaurants, banking, fitness centers, and retail—all within minutes.
- Approximately 47 miles to Sea-Tac International Airport and 27 miles to Paine Field.
- Size & Layout: ±15,608 SF building with ±11,445 SF of net rentable space, thoughtfully designed for multi-tenant occupancy.
- Lot Size: Situated on a generous 4.73-acre parcel with landscaped grounds.
- Construction: Steel and wood frame with cedar shake siding, elevator access, and secure underground parking.
- Zoning: C-3 Commercial Mixed-Use—flexible for a variety of professional uses.
- Asset Type
- Office Condos · Office
- Year Built
- 2007
- Building Class
- A
- Building Size
- 12,333 SF
- Lot Size
- 4.73 Acres
- Zoning
- C-3
- Parcel
- 8194‑000‑210‑00‑05