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29246312
29246317

818 Madison Ave N, Bainbridge Island, WA 98110 For Sale

Windermere Real Estate/West Sound
Listed by Windermere Real Estate/West Sound
$2,400,000
898 days on market
Updated 3 days ago

818 Madison Building

Details
APN 8517-000-000-0009|2
Property Type Office
Sub Type Executive Office
Square Footage 6,696
Units 2
Cap Rate 5.58%
NOI $134,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $411
Class A
Year Built 2005
Buildings 1
Stories 2
Lot Size (SqFt) 40,075
Zoning MAD
Parking Spaces 39 spaces
Parking per 1,000 SqFt 5.82

Fully occupied, Class A office Building on Bainbridge Island.

Marketing description

Introducing a rare opportunity to invest in the prestigious 818 Madison Building, a Class A office space located at 840 Madison Ave NE, Bainbridge Island, WA 98110. Boasting a modern design by Wenzlau Architects and recent upgrades, this multi-tenant property offers 6,024 square feet of rentable space across seven stable tenancies. With a prime 0.92-acre lot and a 100% occupancy rate, this property guarantees a solid return on investment.

The first time on the market, this property is a proven performer with durable rental income. Situated in the heart of Bainbridge Island and built in 2004, it presents a unique chance to acquire a high-quality office building in a sought-after location. Don't miss this chance to own a piece of Bainbridge Island's prime real estate. Contact us today for more information and to secure your investment in this thriving market.

Investment highlights

  • Construction Types: Concrete, Wood
  • Total Parking: 39
  • Uncovered Parking Spots: 39

Listing Contacts

Windermere Real Estate/West Sound
Listed by Windermere Real Estate/West Sound

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$134,000.00
$11,166.67/mo

Valuation Metrics

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DSCR
5.58%
Cap Rate
5.58%
ROI

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