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Kennedy Industrial Park - Building G 5686 NE Minder Rd 21,296 SF 100% Leased Industrial Building Poulsbo, WA 98370 $4,572,208 CAD ($214.70 CAD/SF)
INVESTMENT HIGHLIGHTS
- SIGNIFICANT RENTAL UPSIDE
- VERSATILE LAYOUT
- HIGH BARRIER TO ENTRY
- STRONG REGIONAL DEMAND
- OWNER-USER OPPORTUNITY WITH INCOME
- FLEXIBLE ZONING DESIGNATION
EXECUTIVE SUMMARY
Northmarq is pleased to present a 21,296 SF industrial warehouse located in Kennedy Industrial Park, a seven-building complex serving North Kitsap County. Centered among Poulsbo, Kingston, and Port Gamble, the property offers direct access to State Route 307 and convenient connections to regional markets via nearby ferry terminals.
Currently 75.4% leased to seven tenants, the property provides immediate income with flexibility for an owner-user or investor to capture additional upside. With submarket vacancy sitting below 1% and no new projects in the pipeline, this property offers access to an exceedingly rare asset type in North Kitsap. Historical occupancy has averaged 95% over the past decade, supported by a diverse tenant mix and minimal downtime between leases. Ongoing infrastructure and residential development in North Kitsap further reinforce long-term demand for small-suite industrial space, making this asset well-positioned for future growth.
Currently 75.4% leased to seven tenants, the property provides immediate income with flexibility for an owner-user or investor to capture additional upside. With submarket vacancy sitting below 1% and no new projects in the pipeline, this property offers access to an exceedingly rare asset type in North Kitsap. Historical occupancy has averaged 95% over the past decade, supported by a diverse tenant mix and minimal downtime between leases. Ongoing infrastructure and residential development in North Kitsap further reinforce long-term demand for small-suite industrial space, making this asset well-positioned for future growth.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CB's Premium Nuts
- -
- -
- -
- -
- Kitsap Fresh
- Wholesaler
- -
- -
- -
- NW Tile & Stone Care
- -
- -
- -
- -
- SCL Auto
- -
- -
- -
- -
- Sylling's Elderberry
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CB's Premium Nuts | - | - | - | - | ||
| Kitsap Fresh | Wholesaler | - | - | - | ||
| NW Tile & Stone Care | - | - | - | - | ||
| SCL Auto | - | - | - | - | ||
| Sylling's Elderberry | - | - | - | - |
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PROPERTY TAXES
| Parcel Number | 292702-3-088-2009 | Improvements Assessment | $3,231,308 CAD |
| Land Assessment | $399,815 CAD | Total Assessment | $3,631,122 CAD |
PROPERTY TAXES
Parcel Number
292702-3-088-2009
Land Assessment
$399,815 CAD
Improvements Assessment
$3,231,308 CAD
Total Assessment
$3,631,122 CAD
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Kennedy Industrial Park - Building G | 5686 NE Minder Rd
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