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26929535
27336939

19723 10th Ave NE, Poulsbo, WA 98370

BS
WA 88059, ID SP47192 (+1)
Newmark - Seattle
Listed by Newmark - Seattle
Unpriced
265 days on market
Updated 86 days ago
Under Contract

Liberty Center

Details
APN 142601-4-048-2005, 142601-4-044-2009
Property Type Retail
Sub Type Shopping Center
Square Footage 29,921
Net Rentable (SqFt) 29,921
Occupancy 80%
Tenancy Multi
Class A
Year Built 1991, 2001
Year Renovated 1991/2001
Buildings 3
Stories 3
Acreage 2.000
Parking Spaces 119 spaces
Parking Per SqFt 3.98
Investment Type Value Add

82% leased community and service-oriented retail investment in Poulsbo's premier commercial corridor

Marketing description

Liberty Center is an 82% leased community and service-oriented retail investment opportunity in Poulsbo’s premier commercial corridor, featuring dominant Highway 305 exposure, plentiful dedicated parking, and a diverse and well-established tenant roster. Recent lease renewals with prominent tenants, such as John L. Scott and KeyBank, underscore the Property’s ongoing income stability and upside potential. Liberty Center’s exceptional combination of stable cash flow, leasing and rental upside, strategic location, and robust consumer base makes it an outstanding opportunity for investors targeting durable returns and future value growth in the Pacific Northwest.

Investment highlights

  • Current in-place rents are significantly below current market levels, offering upside as leases are renewed or new tenants backfill available spaces.

  • The property features longstanding tenants, with recent renewals with regional and national tenants KeyBank and John L. Scott, supporting consistent and reliable income stream.

  • The Property’s layout and parcel configuration allows for future repositioning or individual asset disposition strategies, increasing both exit optionality and potential value.

  • The return metrics produce a 6.45% cap rate on the as-is NOI; 8.05% stabilized return on cost. These returns, coupled with the strength of the in-place income stream create a rare opportunity.

Listing Contacts

BS
WA 88059, ID SP47192 (+1)
Newmark - Seattle
Listed by Newmark - Seattle

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$464,597.00
$38,716.42/mo

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