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Parfitt Building 175 Parfitt Way

17,252 SF 100% Leased Office Building Bainbridge Island, WA 98110 $7,020,000 ($407/SF) 6.06% Cap Rate

Executive Summary

Bainbridge Island Parfitt Building for Sale
The Parfitt Building on Bainbridge Island's downtown waterfront is for sale for the first time. Designed by Cutler-Anderson Architects and built by Fairbank Construction Company in 2000, the Parfitt Building offers a rare opportunity to invest in one of the few office properties in Winslow's urban shoreline.
The Parfitt Building consists of two adjoining three-story buildings with separately-owned residential condominiums on the top floors. Four commercial office condominiums on the first and second floors are for sale. These units are home to a diverse collection of professional service firms and consultants. The top residential units of each building are not for sale.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
17,252 SF
Building Class
B
Year Built
1999
Price
$7,020,000
Price Per SF
$407
Cap Rate
6.06%
NOI
$425,172
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,342 SF
Building FAR
0.51
Land Acres
0.77 AC
Zoning
Core District
Parking
34 Spaces (1.97 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 99,999 SF
  • -
  • -

Brackenwood Capital Management, LLC provides practical financial planning & investment management solutions to individuals, trusts and small businesses.

  • -
  • 99,999 SF
  • -
  • -

They don’t sell insurance, they help people buy it. This has always been their motto and continues…. They understand every family has different insurance needs, be it coverage or premium. No two cases are the same and they will always do their best to guide clients into proper coverage to fit their budget. They are here to help …anytime. They offer Homeowners Insurance, Auto Insurance, Life Insurance, Business Insurance, Health Insurance. At Eagle Harbor Insurance , on Bainbridge Island, they offer all lines of insurance coverage with a plan and cost to fit every need. They have access to almost any carrier customers can request and can cover truly any risk. No matter what the circumstances, they’ll help customers with any insurance coverage they need. Customers will get fast, friendly service and expert on-target coverage. .

  • -
  • 99,999 SF
  • -
  • Jan 0000

McLennan Design is a regenerative architecture, planning, design and product design practice focused on deep green sustainability, community and education. McLennan Design was formed in 2013 as a new firm dedicated to the creation of Living Buildings, Net-Zero and Regenerative Projects. Founded by global sustainability leader and green design pioneer Jason F. McLennan, the firm brings institutional knowledge and expertise of the Living Building Challenge, and the host of related programs, unmatched in the A/E industry. Joined by partner Dale Duncan, AIA, the firm is experienced in virtually every building type, domestically and abroad.

  • -
  • 99,999 SF
  • -
  • -

Next Level Financial provides wealth management services to a select clientele of athletes, coaches and professionals. They help their clients make informed decisions about their money and offer strategies for building and preserving their assets and estate. They work with their clients as we would for their own families and aspire to build lasting, meaningful relationships based on trust, integrity, and superior service.

  • -
  • 99,999 SF
  • -
  • -

Patricia's work is grounded in the psychology of CG Jung, Somatic Transformation, and psychodynamic therapy. She has a Bachelor of Science degree in Nursing from Loretto Heights College, and a Master of Arts in Counseling Psychology with an emphasis in depth psychology from Pacifica Graduate Institute.

  • Raymond James Financial, Inc.
  • -
  • 99,999 SF
  • -
  • -
  • -
  • 99,999 SF
  • -
  • -

When clients choose RBC Wealth Management as their wealth management firm, they benefit from the financial stability and strength of a truly global institution. The success of their clients motivates them and fuels their innovation. They are honored to be recognized for their efforts. As an industry leader with deep resources, proactive risk management and a focus on sustainability, they continue to evolve, grow and set new standards. For more than a century, their integrity and unwavering client dedication continue to guide their progress. Their core strength is their people and the relationships they build with their clients. They have a reputation for putting the interests of clients ahead of their own, and a passion for helping transform the lives of the people they serve. At RBC Wealth Management, clients can enjoy personal service and customized solutions—supported by local teams and a global network of professionals.

  • -
  • 99,999 SF
  • -
  • -

Spear Marketing Group is a full-service demand generation agency that helps B2B companies generate, nurture, and convert leads to revenue. Launched in 2009, Spear has quickly grown to be one of the leading B2B agencies in the country, serving a range of clients from start-ups to industry giants. Along the way, they've built a team of strategists, creatives, and technicians who are experts at what they do and also have fun doing it. When clients work with Spear they gain more than just a tactical resource. Clients gain a partner, a team of people who genuinely want their campaigns to work, whether clients objective is leads, trials, registrations, downloads, subscribers, or repeat customers. At Spear their unique, holistic approach to demand generation blends strategic expertise, creative flair, and a deep understanding of marketing technology to achieve measurable results across every stage of the lead lifecycle: lead generation, lead nurturing, and customer marketing.

  • -
  • 99,999 SF
  • -
  • -

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm's vision for the future is to be the customer's first and best choice in the products and services they provide. State Farm' will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. State Farm's customers' needs will determine their path. State Farm's values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. State Farm's success is built on a foundation of shared values, quality service and relationships, integrity and financial strength.

  • -
  • 99,999 SF
  • -
  • -

Unimak Maritime Group is an international company specializing in seafood sales and maritime vessel management. They have more than 25 years of long standing relationship with the Russian Far East. Unimak Maritime Group's head office is located on Washington State's Bainbridge Island, just a short ferry ride across Puget Sound from downtown Seattle. Their office serves as the coordinating arm for Unimak Maritime Group's activities worldwide.

Tenant Industry SF OCCUPIED RENT/SF Lease End
- 99,999 SF - -
- 99,999 SF - -
- 99,999 SF - Jan 0000
- 99,999 SF - -
- 99,999 SF - -
Raymond James Financial, Inc. - 99,999 SF - -
- 99,999 SF - -
- 99,999 SF - -
- 99,999 SF - -
- 99,999 SF - -
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 24206396

  • Date on Market: 8/25/2021

  • Last Updated:

  • Address: 175 Parfitt Way, Bainbridge Island, WA 98110

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