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Rice Fergus Miller HQ - Bremerton, WA

Rice Fergus Miller HQ - Bremerton, WA

$6,210,000.00Price

275 5th Street, Bremerton, WA

Rentable Bldg Area:  18,961 SF

Land Area: 12,197 SF

Current Cap Rate: 8.25%

Year 2 Cap Rate:8.50%

 

 

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  • Investment Highlights

    SUSTAINABLE, ENERGY CONSCIOUS BUILDING
    Recent renovation of this building has transformed it into
    an ultra-high energy efficient building with extremely low
    operating costs. This LEED Platinum-certified building is one
    of the most energy-efficient buildings in the United States.

    UNIQUE AND DESIRABLE SPACE
    Besides the cost savings, this building’s design and layout is
    a significant improvement from any competitor in the region.
    This physically appealing building is the ideal office space for
    any company.

    PASSIVE LEASE STRUCTURE
    The building’s three tenants all feature a passive NNN lease
    structure providing stable and predictable income for any
    investor.

    WELL-ESTABLISHED TENANT
    The primary tenant, Rice Fergus Miller, is an architectural
    design and planning firm founded in 1987. As a leading
    architectural firm in Kitsap County, they have received
    numerous rewards for their work in the region.

    EXTREMELY LOW OPERATING COSTS
    The Platinum LEED improvements of the building allow it to
    operating much more efficiently than most in the country. This
    results in very lean Operating Expenses of only $5.55 per foot
    annually.

  • Investment Overview

    The Vara Group is pleased to present an outstanding investment sale offering in Bremerton, Washington. The Rice Fergus Miller HQ is a fully leased, LEED Platinum certified building in the heart of the Bremerton CBD.


    Renowned for its energy-conscious design and impeccable architecture, this building has garnered multiple prestigious awards since its redevelopment by the majority tenant, Rice Fergus Miller. With significantly reduced operating costs, this property offers investors a passive and distinctive investment in a rapidly expanding submarket.