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31547692
31547693

911 Hildebrand Ln NE, Bainbridge Island, WA 98110 For Sale

RV
WA 135292
Northmarq - Seattle
MB
WA 21032705
Northmarq - Seattle
Listed by Northmarq - Seattle
$2,225,000
102 days on market
Updated 78 days ago

Hildebrand Professional Building

Details
APN 262502-2-085-2009
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 11,621
Net Rentable (SqFt) 11,621
Tenancy Multi
Lease Type NNN
Price per SqFt $191
Broker Co-Op Yes
Year Built 1991
Buildings 1
Acreage 0.860
Zoning High School Road I
Parking Spaces 42 spaces
Parking per 1,000 SqFt 3.61
Investment Type Owner/User

RARE BAINBRIDGE ISLAND OWNER/USER AND INVESTMENT OPPORTUNITY

Marketing description

Northmarq is pleased to present a rare opportunity to acquire an office asset in the highly supply-constrained Bainbridge Island submarket. Located at 911 Hildebrand, the property sits within one of the Puget Sound’s most affluent and tightly held commercial real estate markets, where limited developable land and strict zoning have resulted in a chronic shortage of office inventory. This lack of supply, combined with strong, consistent demand, supports long-term occupancy and rent growth.

Bainbridge Island is defined by its high-income, highly educated population and stable economic base, driving continued demand for local office space from professional and service-oriented tenants. With low vacancy, minimal turnover, and virtually no new development pipeline, the market offers a fundamentally undersupplied environment. This offering provides investors the opportunity to secure a foothold in a premier, demographically driven submarket with durable long-term fundamentals.

Investment highlights

  • LOW BASIS WITH LEASE-UP OPPORTUNITY
  • SUBMARKET VACANCY REMAINS STRUCTURALLY CONSTRAINED DESPITE ASSET-LEVEL AVAILABILITY
  • SUPPLY-CONSTRAINED MARKET
  • HIGH-INCOME DEMOGRAPHICS SUPPORT ABOVE-AVERAGE TENANT CREDIT AND RENT STABILITY
  • DEMAND DRIVEN BY LOCAL OFFICE USERS AND HYBRID WORK PATTERNS
  • STRATEGIC FERRY ACCESS EXPANDS TENANT POOL BEYOND IMMEDIATE SUBMARKET

Listing Contacts

RV
WA 135292
Northmarq - Seattle
MB
WA 21032705
Northmarq - Seattle
Listed by Northmarq - Seattle

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Additional Information

Name
RJ Vara
License
135292
Brokerage
Northmarq
Brokerage Phone
2068443505
Title
Real Estate Broker
Brokerage Address
130 Nickerson Street
Name
Mike Babicz
License
21032705
Brokerage Phone
4254499284
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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