Tag Archives: courtesy ford

Receivership ends for Courtesy Auto properties

A painful but potentially rejuvenating process has come to an end on Poulsbo’s Viking Avenue.

A Kitsap County Superior Court judge approved a motion June 26 terminating receivership for the former Courtesy Auto Group properties.

All told, six parcels formerly owned by the Hern family have been sold since 2013, fetching about $4.6 million.

The properties were home to a number of Courtesy Auto dealerships, forming the core of Poulsbo’s once-bustling automotive corridor.

Union Bank successfully petitioned the court to appoint a receiver for the properties in 2011, seeking repayment of a $10 million loan made by Frontier Bank to the Herns in 2009. Union Bank took over the loan after Frontier failed in 2010.

Here’s a look at the Courtesy Auto properties sold and what businesses are there now:

1. Chevrolet building — $1.4 million

Sold on: April 10, 2013

Sold to: Christina and Scott Hensrude

Current assessed value: $1.09 million

Description: 1.43 acres with a 16,350-square-foot showroom at 19873 Viking Ave. NW, on the southwest corner of Edvard Street and Viking.

Now home to: Abra Auto Body and Glass.

2. Suzuki building — $375,000

Sold on: Sept. 23, 2013

Sold to: Janice and Kevin Krieger, and Lisa and Steven Stirrett

Current assessed value: $239,100

Description: One-third acre with a 1,600-square-foot showroom at 19568 Viking Ave., across from the Food Mart and Los Cazadores.

Now home to: A smoke shop and hookah lounge called Up In Smoke. Continue reading →

Courtesy Ford, American Legion among January commercial sales

Tad Sooter

The East Bremerton American Legion post, Poulsbo’s Courtesy Ford dealership, a historic Bainbridge house and several industrial properties were among the notable commercial real estate sales of January.

Overall, 17 parcels changed hands for a total of $14.11 million last month, according to assessor’s data. Here’s a look at a few high-profile transactions:

East Bremerton American Legion — $325,000

Sale date: Jan. 7

Assessed value: $637,140

Sold by: 2010 1 CRE WA Retail, LLC., to The Filipino American Association of Kitsap

Description: A 9,000-square-foot building on 0.7 acres off Sheridan Road, just east of Wheaton Way in Bremerton.

Notes: The future of the property has been uncertain since American Legion Post 68 went bankrupt in 2011. Josh Farley will be following up on the Filipino American Association’s plans.

Viking Way Courtesy Ford — $1.98 million

Sale date: Jan. 5

Assessed value: About $2.3 million

Sold by: CBRA Inc. Custodial Receiver to Christopher and Laurie Morgan

Description: Three parcels totaling 4 acres, and a 40,000-square-foot former auto showroom on Viking Way in Poulsbo.

Notes: The family that owns American Building and Roofing on Viking Way bought the former Ford dealership from a court appointed receiver. Hudson Auto is leasing a portion of the property to expand its Poulsbo used car dealership. The Hern family closed Courtesy Ford in 2011.

Continue reading →

Sound Brewery expanding, but not to Courtesy Ford

Tad Sooter

Poulsbo’s Sound Brewery is expanding on Viking Avenue, but not into the landmark Courtesy Ford building.

General manager Mark Hood said the brewery was unable to reach terms with Courtesy Ford owners after four months of negotiation. Price was not the issue he said, declining to elaborate.

Instead of growing into the former car dealership, Sound Brewery will install a new, “high-tech” brewhouse in a 5,800-square-foot building across from Bovela Lane. The tasting room will remain at the brewery’s Bovela location, Hood said.

Sound Brewery will migrate production across to the new brewhouse over the next two years, while upgrading the existing tasting room. The company isn’t done searching for a larger location, Hood said.

“We’ll continue looking for other options in the area that will allow us to better serve our local customers, who’ve really made this expansion possible, and necessary,” Hood said.

Sound Brewery opened in 2011, the largest of a bevy of new brewhouses in North Kitsap.

Courtesy Ford closed in 2011. The 40,000-square-foot building and 4-acre property are listed for $2.35 million. Recently Kitsap Children’s Musical Theatre has used the building for rehearsal space.

(Meegan Reid photos)