The Fernwood Building is a commercial condominium building located in Kitsap County. This unique offering consists of three office condominiums, leased by outstanding AAA credit rated tenants, that comprises 76% of the building’s rentable square footage.
The three tenants include Harrison Health Partners, GSA, and a property development firm — all with long term leases. The operating expenses are low and the building is managed by the owners association. Stable and solid income. 6.25% CAP rate.
19500 10th Ave NE | Poulsbo, Washington