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Tremont Professional Bldg 104 Tremont Ave 5,592 sq ft 100% Let Office Property Port Orchard, WA 98366 £718,702 (£128.52/sq ft) 7.02% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy traffic location.
- Close proximity to Highway 16 and Downtown Port Orchard.
- Beautifully Landscaped Grounds
EXECUTIVE SUMMARY
Over 5,000sf, 2-story Office Building located just blocks from Highway 16, close to Port Orchard Medical Center and off the busy Tremont Street, which is the main thoroughfare into the heart of Port Orchard. This building is surrounded by beautifully landscaped grounds and is considered to be in good condition throughout. You can access the building from both Upper and Lower floors. There is a total of 4 suites. Great tenants. Signage included. Leases have been updated and now reflect a higher cap rate of 7.02%.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
5,592 sq ft
Costar Property Class
B
Year Built
1991
Price
£718,702
Price per sq ft
£128.52
Yield
7.02%
NOI
£50,453
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,796 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.18
Total Plot Size
0.72 ac
Opportunity Zone
Yes
Use Class
CC - Commercial Corridor within the City of Port Orchard.
Parking
25 Spaces (4.47 Spaces per 1,000 sq ft Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 352401-3-030-2004 | Total Assessment | £663,092 (2026) |
| Land Assessment | £256,660 (2026) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £406,433 (2026) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
352401-3-030-2004
Land Assessment
£256,660 (2026)
Improvements Assessment
£406,433 (2026)
Total Assessment
£663,092 (2026)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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Tremont Professional Bldg | 104 Tremont Ave
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