Property Details

26119 Calvary Ln NE

Kingston, WA 98346

$4,545,000

Available

CBA# 712682 courtesy of CBA Listing firm: Northmarq Commercial, LLC

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Industrial

Property Type

33,050

Bldg Sq Ft

Units

6.00%

Cap Rate

2001

Year Built

Property Overview

We are pleased to present Arbor Business Park, a high-performing, value-add industrial asset offering investors a rare opportunity to acquire a multi-tenant small-bay business park with immediate upside and stable in-place cash flow. The property is currently 92.7% occupied, providing strong day-one income, while in-place rents remain nearly 50% below market, creating a clear path to forced appreciation through mark-to-market leasing. With a diversified tenant base and functional suite layout, the asset is well-positioned to capture continued demand from small-bay industrial users.The offering is further supported by the exceptionally tight Kitsap County industrial market, where vacancy has consistently remained near historic lows (±2% range) due to limited new development and strong local demand. With a constrained supply pipeline and rising barriers to entry, existing industrial assets are positioned to benefit from continued rent growth and sustained occupancy levels.