Listed by Windermere Real Estate/West Sound
$6,495,000
Parfitt Building
Details
APN 8119-000-000-0001; 81190010010008; 81190010020007; 81190020010006; 81190020020005
Property Type Office
Sub Type Creative Office, Executive Office
Square Footage 18,196
Net Rentable (SqFt) 18,196
Units 23
Cap Rate 6.64%
NOI $431,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $357
Class A
Year Built 2000
Buildings 1
Stories 3
Acreage 0.550
Zoning MUTC
Parking Spaces 27 spaces
Parking per 1,000 SqFt 1.48
Office | 6.64% CAP | 18,196 SF
Marketing description
The Parfitt Building on Eagle Harbor is the first investment-grade office offering on Bainbridge Island's waterfront in more than a decade. Four commercial office condominiums on the lower two floors — 18,196 rentable square feet — are offered for sale. Designed by Cutler-Anderson Architects and built by Fairbank Construction Company in 2000, the building sits steps from the public dock, the marina, and downtown Winslow, a short walk to the Seattle ferry, restaurants, and services. Priced at $6,495,000, a 6.64% cap rate on current income. A rare chance to own investment-grade waterfront office in Winslow's urban core. Seller financing may be available with the right terms.
Investment highlights
- Four office condominiums on the lower two floors — 18,196 RSF
- Offered at $6,495,000 — 6.64% cap rate on current income
- NOI $431,000
- Eagle Harbor waterfront, steps from downtown Winslow and the Seattle ferry
- Designed by Cutler-Anderson Architects, built 2000
Listing Contacts
Listed by Windermere Real Estate/West Sound
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,000.00
$35,916.67/mo
Valuation Metrics
0
DSCR
6.64%
Cap Rate
6.64%
ROI
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