Rice Fergus Miller HQ - Bremerton, WA
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%
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
PASSIVE LEASE STRUCTURE
The building’s three tenants all feature a passive NNN lease
structure providing stable and predictable income for any
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
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.