9715 Coppertop Loop NE Industrial
  • Size
    80,019 SFSize
  • Cap Rate
    7.01%Cap Rate
  • Occupancy
    99%Occupancy
  • Asking Price
    $19MAsking Price
  • Acres
    ~4.91 acAcres

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 Type
    Industrial
  • Size
    80,019 SF
  • Occupancy
    99%
  • Properties
    9
  • Built
    2007
  • Total Acres
    ~4.91 ac

Sale Details

  • Cap Rate
    7.01%
  • NOI
    $1,331,900
  • In-Place Rents
    17
  • Market Rents
    25
  • Rents Below Market
    31.70%

Documents

Property Address

9715 Coppertop Loop NE
Bainbridge Island, WA 98110

Property Details

  • Property Type
    Industrial
  • Square Feet
    80,019 SF
  • Occupancy
    99%
  • Year Built
    2007
  • Acres
    4.91
  • Zoning
    B/I

Deal Team

Mike King profile image

Mike King

Senior Vice President
Kidder Mathews