About 5577 Vanbarr Place
Excellent investment opportunity w/this commercial building in the heart of Freeland, WA on beautiful Whidbey Island. Currently a successful medical practice, this property sees a 7.7% cap rate w/long-term triple net tenants. The building underwent an extensive remodel in 2016. Improvements include: NEW store front, LVP flooring, snaploc metal roof, HVAC, water heater w/recirculating pump, solid oak doors, 6 exam rooms complete w/sinks, interior & exterior paint, upgraded fiberoptic cabling, lighting, bath fixtures, maple cabinets throughout, & 1 procedure room w/storage, sink & operatory light. Property sale includes grade level storage containers w/8 bays behind the building. Well maintained w/solid tenants equals a great opportunity!
Features of 5577 Vanbarr Place
| MLS® # | 2318520 |
|---|---|
| Price | $995,000 USD |
| Acres | 0.35 |
| Year Built | 1976 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 5577 Vanbarr Place |
|---|---|
| Area | 811 - South Whidbey Island |
| Subdivision | Freeland |
| City | Freeland |
| County | Island |
| Province | WA |
| Postal Code | 98249 |
Amenities
| Parking Spaces | 22 |
|---|
Exterior
| Exterior Features | Cement/Concrete |
|---|---|
| Foundation | Slab |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Whidbey Island |
|---|