Furniture World Oak Harbor (Status: Available) 1599950

987, Ault Field Rd, Oak Harbor, WA  98277

This is an exceptional value as a cash flow investment and a long term hold, as well. 7.74 cap rate. An excellent tenant in “Furniture World” who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system and did major improvements to the storm water system. Substantial upgrades to the interior of the building as well. The second tenant is the closest espresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120 sf. Now 7% cap rate.

Listing Details

Asset Class: Retail
Year Built: 1951
Building Total Square Feet: 26120
Available Lease Space Square Feet: 26120
Number of Floors: 1
Total Parking Spaces: 30
Local Zoning Information: OH-HSC

Listing Courtesy of: Fairhaven Realty Branch of Lakeway Realty, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.