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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.

Property Facts

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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  • Listing ID: 40323325

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: Arbor Business Park, Kingston, WA

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