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Investment Highlights
- MASSIVE MARK-TO-MARKET OPPORTUNITY – ±50% RENTAL UPSIDE
- ULTRA-LOW VACANCY SUBMARKET
- STAGGERED LEASE STRUCTURE
- HIGH-DEMAND SMALL-BAY INDUSTRIAL
- NNN LEASE STRUCTURE MINIMIZES EXPENSE RISK
- RARE “ALL-CONTROL” BUSINESS PARK
Executive Summary
Northmarq is pleased to present Arbor Business Park, a high-performing, value-add industrial asset offering investors a rare opportunity to acquire a multi-tenant small-bay business park with immediate upside and stable in-place cash flow. The property is currently 92.7% occupied, providing strong day-one income, while in-place rents remain nearly 50% below market, creating a clear path to forced appreciation through mark-to-market leasing. With a diversified tenant base and functional suite layout, the asset is well-positioned to capture continued demand from small-bay industrial users.
The offering is further supported by the exceptionally tight Kitsap County industrial market, where vacancy has consistently remained near historic lows (±2% range) due to limited new development and strong local demand. With a constrained supply pipeline and rising barriers to entry, existing industrial assets are positioned to benefit from continued rent growth and sustained occupancy levels.
The offering is further supported by the exceptionally tight Kitsap County industrial market, where vacancy has consistently remained near historic lows (±2% range) due to limited new development and strong local demand. With a constrained supply pipeline and rising barriers to entry, existing industrial assets are positioned to benefit from continued rent growth and sustained occupancy levels.
Property Facts
| Price | $6,212,742 CAD | Number of Properties | 5 |
| Price / SF | $188.55 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.19% | Total Building Size | 32,950 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.73 AC |
| Status | Active |
| Price | $6,212,742 CAD |
| Price / SF | $188.55 CAD / SF |
| Cap Rate | 6.19% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 32,950 SF |
| Total Land Area | 0.73 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building H
26125 Calvary Ln, Kingston, WA 98346 |
Industrial | 7,600 SF | 2001 | - |
|
Bldg F
26129 Calvary Ln, Kingston, WA 98346 |
Industrial | 7,250 SF | 2006 | - |
|
Bldg G
26127 Calvary Ln, Kingston, WA 98346 |
Office | 6,900 SF | 2005 | - |
|
Building C
26119 Calvary Ln, Kingston, WA 98346 |
Office | 6,400 SF | 2003 | - |
|
Bldg D
26121 Calvary Ln, Kingston, WA 98346 |
Office | 4,800 SF | 1999 | - |
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Arbor Business Park
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