Property Details

8755 Shores Pl NW

Silverdale, WA 98383

$5,200,000

Available

CBA# 701596 courtesy of CBA Listing firm: Blake Investment Advisors

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Commercial

Property Type

15,160

Bldg Sq Ft

Units

5.00%

Cap Rate

1943

Year Built

Property Overview

Investment Highlights:~Opportunity to purchase a renovated asset ahead of the largest federal demand injection in the region's history promising outsized rent growth.~"A century of jobs" — U.S. Rep. Derek Kilmer on the modernization of Kitsap County's largest employer.Bremerton Mayor projects shipyard investment will attract new enterprises and drive local business expansion, hiring, and facility investment.~Kitsap Economic Development Alliance forecasts surging demand for construction, engineering, and skilled-trades workers, fueling jobs and private investment countywide.~Irreplaceable demand driver: Puget Sound Naval Shipyard performs half the Navy's major carrier dry-docking and is the nation's only yard authorized to recycle nuclear submarines — the work cannot relocate.~Hiring already underway at scale: a single two-day shipyard hiring fair targeted ~1,500 new employees atop a 14,000+ workforce.~Proven precedent at this exact shipyard: the last federal buildout grew Bremerton from ~15,000 to 80,000+ residents in five years.~Multi-year demand wave meets a frozen supply pipeline — Kitsap construction at just 4% of inventory with national apartment starts at 15-year lows.~Property 100% Occupied with a waiting list.