Charlie Arthur's Port Townsend Real Estate Blog

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Madrona Hill Professional Building--PREMIER FLAGSHIP PROPERTY

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Description
Madrona Hill Professional Building. High profile architect designed office building on the premier corner of Port Townsend's newest traffic circle at the entrance to town. FULLY LEASED and great cash flow. Built in 2005 and 100% occupied. 55 parking spots, great visibility, elevator, good tenant mix, irrigation for landscaping, property management in place. Incredible traffic count, so much traffic the city had to put in a traffic circle to manage the flow. Income and Expense available.


Features
Square Footage: 15000
Building Class: A
Zoning: C2
Broker: RE/MAX FIRST, INC.
Property ID: 73412
Floors in Bldg: 3
Lot Size: 40000

Location
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Madrona Hill Professional Building. High profile architect designed office building on the premier corner of Port Townsend's newest traffic circle at the entrance to town. FULLY LEASED and great cash flow. Built in 2005 and 100% occupied. 55 parking spots, great visibility, elevator, good tenant mix, irrigation for landscaping, property management in place. Incredible traffic count, so much traffic the city had to put in a traffic circle to manage the flow. Income and Expense available. Buyer's may inspect leased spaces after mutual acceptance. View common areas and site with discretion and please let listing agent know. Loan is with Sound Bank and is not assumable, but the bank is eager to work with interested buyers.
Comment balloon 3 commentsCharlie Arthur, CCIM • May 13 2010 11:21AM

Comments

Couldn't believe I saw branding in your photos, we would get fined for doing that in our MLS:)

Posted by Steve Mattison, Vietnam Veteran over 9 years ago

Dear Steve,

What branding? do you mean the picture of my office?  My office is located in the building, I am a tenant too :)  So I don't think I've broken any rules, but thanks for letting me know.  We have to work together to watch out for that kind of thing.

Posted by Charlie Arthur, CCIM (RE/MAX FIRST, INC.) over 9 years ago

Would you consider an all cash offer?

Posted by Sandra White, Experienced Residential Resale Broker (John L Scott Real Estate) over 9 years ago

Participate