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
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
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
Sold to: Christina and Scott Hensrude
Current assessed value: $1.09
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
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