In June a buyer paid $9.25 million to McCormick Land Company for nearly 2,000 acres of timberland south of McCormick Woods.
The deal highlighted a busy spring and summer for commercial land transactions in Kitsap County. Below is a roundup of other high-profile sales recorded from April through July, with details from assessor’s documents and additional research.
This list doesn’t include the $20 million sale of the Silverdale Ridge apartments, which I reported on earlier this year.
Keep in mind these are property transactions, and the businesses occupying these properties may not have changed hands.
McCormick timberland — $9.25 million
Sale date: June 22
Sold by: McCormick Land Company LLC to Bar MH Timber WA LLC.
Description: More than 1,800 acres of timberland divided into 166 tax parcels, located south of McCormick Woods and east of Bremerton National Airport.
Notes: McCormick Land Company also recently sold off its residential development land surrounding McCormick Woods.
I’m working to get in touch with the buyers of the timberland to find out what their plans are.
Best Western, Bainbridge Island — $7.25 million
Sale date: June 29
Assessed value: About $4
Sold by: Bainbridge Island Commons LLC. to BB Hotel LLC.
Description: A four story, 51-room hotel on 2.7 acres at 350 NE High School Road.
Notes: BB Hotel LLC. has a Honolulu mailing address. Continue reading