Listed by CBRE - Seattle
$7,000,000
Friday Harbor Center
Details
Property Type Retail, Mixed Use
Sub Type Shopping Center, Lodging
Square Footage 24,309
Units 5
NOI $440,000
Occupancy 100%
Tenancy Multi
Year Built 2004
Lot Size (SqFt) 16,988
Zoning CO
Parking Spaces 45 spaces
Parking per 1,000 SqFt 1.85
Ground Lease No
Retail | 24,309 SqFt
Marketing description
CBRE is pleased to present the opportunity to acquire Friday Harbor Center, a 100% leased mixed-use center located on the 100 Block of Friday Harbor. The property consists of 24k SF of retail and lodging across two parcels just a few steps from the ferry terminal with a 45 stall underground parking garage. 100% leased to a diverse mix of 13 tenants, the property is home to restaurants, shops, offices and a 5 unit vacation rental.
Investment highlights
- Unbeatable location on First Street, directly adjacent to the ferry terminal and Port of Friday Harbor
- Tenants include restaurants, shops and vacation rentals
- Year 1 estimated NOI of $440,000
Listing Contacts
Listed by CBRE - Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$440,000.00
$36,666.67/mo
Valuation Metrics
0
DSCR
6.29%
Cap Rate
6.29%
ROI
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