Orchard Court

1800 SE Mile Hill Dr Port Orchard WA 98366

Listing #: 580554 | Status: Sold | Closing Date: 04/20/2017 | Last Modified: 4/20/2017 |

For Sale

1800 SE Mile Hill Dr Port Orchard WA 98366

Agent Information
Showing Instructions
Call Listing AgentNo
Use DiscretionNo

Sean Tufts

(206) 693-3352

Capital Pacific, LLC

(206) 743-8468

Listing Information
Listing Price$ 3,320,000
$/SF$ 282.26
Listing StatusSold
Days On Market128
Asset ClassRetail
Search TagsStrip Mall
Closed Sales Only
Actual Sold Price$ 3,208,000
$/SF$ 272.74
Closing Date04/20/2017
Selling BrokerSean Tufts
Investment Information
Investment TypeActual
Investment PropYes
Gross Income$ 309,045
Vacancy Factor %5.00%
Operating Expenses$ 78,059
Net Operating Income$ 215,533
CAP Rate6.49 %
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
Total Building Sq/ft11,762
Net Rentable Area11,762
Lot Sq/ft116,305
Property Type
Property TypeRetail
Cross StreetBethel Avenue
Market AreaPort Orchard
Tax ID #36240120972005
Parking Information
# Covered Spaces0
# Uncovered Spaces57
Total Parking Spots57
Parking Ratio4.8/1000sf
Year Built2008
Completion Date05/01/2008

Public Comments: The offering provides an opportunity to acquire a fully occupied, high quality retail center with a nationally recognized tenant lineup. The predominantly national tenant mix includes a Jimmy John’s with a new 10-year lease and a Dickey’s BBQ with eight years remaining on their initial lease term. There are no lease expirations prior to 2019 with staggered ongoing expiration dates, providing further stability.

Public Building Comments: Newly constructed, conveniently located neighborhood retail center in Port Orchard. 15,000 square feet. Contemporary architecture.

Search Tags: Strip Mall,

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