Description
Coppertop Park – Buildings 1-9 is an approximately 80,019-square-foot mixed-use business park on 4.91 acres in Bainbridge Island, Washington. The nine-building offering is 99.5% leased to a diverse mix of retail, office, light-industrial, food-and-beverage, fitness, healthcare, professional-service, and manufacturing tenants. Offered at $19,000,000, the property provides a 7.01% cap rate. Average in-place rent of approximately $16.88 per square foot NNN is below the submarket benchmark of approximately $24.72 per square foot NNN, creating mark-to-market potential. The park features durable post-and-beam steel construction, copper-coated metal roofs, city utilities, fiber-optic internet, flexible layouts, and strong curb appeal. It is located near SR-305, approximately 2.5 miles from downtown Winslow and the Bainbridge–Seattle ferry terminal, with convenient access to the Kitsap Peninsula. Limited commercially zoned land and strict development regulations support high barriers to new supply.
Offering Summary
- Asking Price$19,000,000
- Price PSF$238
- Price/Acre$3,869,654
- Property TypeIndustrial
- Size80,019 SF
- Occupancy99%
- Properties9
- Built2007
- Total Acres~4.91 ac
Sale Details
- Cap Rate7.01%
- NOI$1,331,900
- In-Place Rents17
- Market Rents25
- Rents Below Market31.70%
Documents
Property Address
Property Details
- Property Type
Industrial - Square Feet
80,019 SF - Occupancy
99% - Year Built
2007 - Acres
4.91 - Zoning
B/I
Deal Team



