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22279321
22279329

1283 Elger Bay Rd, Camano, WA 98282

GF
Windermere Real Estate Co.
Listed by Windermere Real Estate Co.
$1,365,000
448 days on market
Updated 93 days ago

The Port Susan Professional Building

Details
APN R331194211560
Property Type Office, Retail
Sub Type Medical Office, Traditional Office (+1)
Square Footage 3,672
Units 5
Cap Rate 6.71%
NOI $91,644
Occupancy 80%
Tenancy Multi
Lease Type Modified
Price per SqFt $372
Year Built 1968
Year Renovated 1990, 2021
Buildings 1
Stories 2
Zoning Rural Village
Parking Spaces 14 spaces
Parking Per SqFt 3.81
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition For sale by owner

The Port Susan Professional Building

Marketing description

Discover the investment potential of The Port Susan Professional Building. 57% of the building available for owner occupied as of January 2026. This multi-tenant office building boasts a diverse mix of essential service tenants, offering stable income. Notable highlights include large parking lots, easy access, centrally located, recent septic system upgrades & building renovations. This prime property features stunning mountain views & a peaceful setting within the Camano Country Club neighborhood. The property's Rural Village zoning & prime location promise lasting value & visibility. Benefit from the established clientele base and strategic location in a high-traffic area, ensuring a steady flow of customers & business opportunities.

4 of the 5 units are under 1-3 year NNN lease agreements. The largest upper-level unit was owner-occupied. Unit will be available as of 12.31.2026.

Investment highlights

High Visibility Location

Well-established

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Sweeping Views

Listing Contacts

GF
Windermere Real Estate Co.
Listed by Windermere Real Estate Co.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$91,644.00
$7,637.00/mo

Valuation Metrics

0
DSCR
6.71%
Cap Rate
6.71%
ROI

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Additional Information

Name
Glenda Fabrizio
License
119630
Brokerage
Windermere Real Estate Co.
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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