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Office

500 Pacific Avenue

500 Pacific Ave, Bremerton, WA 98337

Listing Price: $8,490,000

Cap Rate
5.38%
Gross SF
56,859
Rentable SF
56,859
Price/Gross SF
$149.32
Lot Size
0.38 acres
Year Built
1964

Investment Overview

500 Pacific Ave, is a well-located and versatile office property in Bremerton, WA. The 500 Pacific Ave building stands out as a premier office asset situated in the heart of the Bremerton Central Business District (CBD). Included in the offering, in addition to the 21 divisible suites, is a covered 82-stall condominium parking garage generating additional income, for a total of 96 on-site parking stalls.

Recognized for its energy-conscious design and impeccable architecture, this Class A office building has become a staple of the downtown landscape following the 2019 $3 million renovation conducted by Rice Fergus Miller. With operational costs significantly minimized, this property offers investors a distinctive and cost-effective entry into a rapidly expanding submarket.

Investment Highlights

  • Energy Efficient Building
  • Value-Add Potential
  • Skilled Workforce
  • Tax Shelter Opportunity

Exclusively Listed By

Financing By

Office

500 Pacific Avenue

Listing Price: $8,490,000

Cap Rate
5.38%
Gross SF
56,859
Rentable SF
56,859
Price/Gross SF
$149.32
Lot Size
0.38 acres
Year Built
1964

Investment Highlights

  • Energy Efficient Building
  • Value-Add Potential
  • Skilled Workforce
  • Tax Shelter Opportunity

Investment Overview

500 Pacific Ave, is a well-located and versatile office property in Bremerton, WA. The 500 Pacific Ave building stands out as a premier office asset situated in the heart of the Bremerton Central Business District (CBD). Included in the offering, in addition to the 21 divisible suites, is a covered 82-stall condominium parking garage generating additional income, for a total of 96 on-site parking stalls. Recognized for its energy-conscious design and impeccable architecture, this Class A office building has become a staple of the downtown landscape following the 2019 $3 million renovation conducted by Rice Fergus Miller. With operational costs significantly minimized, this property offers investors a distinctive and cost-effective entry into a rapidly expanding submarket.

Exclusively Listed By

Financing By

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