12935 Islandcraft LnBainbridge Island, WA 98110

This exceptional investment opportunity presents a fully leased, multi-tenant industrial condominium complex situated on Bainbridge Island, Washington. The property, comprised of three buildings totaling 23,058 square feet across 15 units, boasts a desirable location at 12935 Islandcraft Ln NE, 98110, within the sought-after Island Craft Condominium project. Built in 2015, the two-story structures sit on a 1.47-acre lot (APN 8207-000-000-0004) and are zoned for CITY use. The property's net rentable area is 1,254 square feet, with a current asking price of $438,800 and a strong 5.18% cap rate. The current Net Operating Income (NOI) stands at $22,714, reflecting a stable and profitable investment. The property is currently under a triple net (NNN) lease arrangement. This prime location offers significant potential for long-term growth and return on investment, making it an attractive proposition for discerning investors seeking a well-established, multi-tenant industrial property in a desirable market. The property's subtype is classified as Distribution and Manufacturing, reflecting its versatility and suitability for a range of industrial uses.