818 Madison Ave N
Bainbridge Island WA 98110
818 Madison Building
818 Madison Ave N Bainbridge Island WA 98110
Listing #: 669104 | Status: Available | Last Modified: 10/22/2024 |
For Sale
- Phone:(206) 949-3420
- Email:kelly@muldrow.net
- Office Name:Windermere Commercial / ERES
- Office Phone:(206) 780-5007
- Office Website:www.windermerecommercial-eres.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,450,000.0
- $/SF$ 365.9
- Listing StatusAvailable
- Days on Market501
- Asset ClassOffice
- Terms
- Investment Type
- Investment PropYes
- Gross Income194,994
- Vacancy Factor %0.00%
- Operating Expenses56,570
- Net Operating Income138,424
- CAP Rate 5.65 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units2
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units2
- # of Elevators0
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF6696
- Net Rentable Area6137
- Total Office SF6137
- Largest Contiguous SF
- Lot SF40075
- Acres0.92
- Property TypeOffice
- Office TypeMulti-Tenant
- InvestmentYes
- Building ClassA
- CountyKitsap
- Vicinity
- Location Description
- Second Address
- Cross StreetWallace Way
- Market AreaBainbridge Island
- Tax ID #26260220202007
- Additional Parcels2537967
- ZoningMAD
- # Covered Spaces0
- # Uncovered Spaces39
- Total Parking Spots39
- Parking Ratio7
- Year Built2005
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeConcrete, Wood
Class A Office for Sale
Price Reduced! First Time to Market. The 818 Madison Building represents the best in Bainbridge Island design and function and is a proven performer. The building is 100% occupied and consists of seven, stable tenants in spaces ranging from 314 to 1,981 square feet. Designed by Wenzlau Architects and recently extensively remodeled and updated, The 818 Building offers a fresh opportunity to invest in a Class A office building with durable rents.
