Listed by Kidder Mathews Seattle
$1,500,000
Bethel Center | Port Orchard, WA
Details
APN 022301-4-109-2008
Property Type Retail
Square Footage 8,750
Net Rentable (SqFt) 8,750
Occupancy 81%
Tenancy Multi
Price per SqFt $171
Year Built 2005
Stories 1
Lot Size (SqFt) 9,444
Investment Type Value Add
Ground Lease No
Bethel Center | $171/SF Below Market Rent | Port Orchard, WA
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire Bethel Center, a multi-tenant leased investment in Port Orchard, Washington. Port Orchard is easily accessible from Seattle and Tacoma and serves as an access community for both areas.
Investment highlights
- Average in-place rents of approximately $10.63 PSF gross, significantly below comparable market asking rents in Port Orchard
- Positioned along Bethel Road SE, Port Orchard’s primary commercial corridor, with strong visibility, monument signage, and convenient access from surrounding residential neighborhoods and commuter routes
- Port Orchard serves as a key residential and commuter market for both the Seattle and Tacoma metro areas, supporting continued population growth and economic stability
- Surrounded by established residential communities, schools, and daily-needs retail, the property benefits from consistent consumer traffic and strong neighborhood connectivity
- Offered at an attractive basis relative to current construction costs, providing the opportunity to acquire stabilized retail real estate at a favorable price per square foot
Listing Contacts
Listed by Kidder Mathews Seattle
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