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.
Werner Road Industrial — $2.85 million
Sale date: Jan. 28
Assessed value: $2.52 million
Sold by: Lile of Washington, LLC. to Sound West Werner Road, LLC.
Description: Four acres and 49,000 square feet of industrial space on the 6000 Block of Werner Road in the West Hills area of Bremerton.
Notes: Lile moving and storage is still in business on Werner Road.
Oliver House in Winslow — $600,000
Sale date: Jan. 23
Assessed value: $367,000
Sold by: Oliver House, LLC. to Madison Avenue Development Company
Description: A half-acre lot with a 1905 house converted into office space on Madison Avenue, just north of Wyatt Way.
Notes: Developers bought the Oliver House property, one of Winslow’s early residences, to extend their planned Wyatt Cottages development. They plan to keep the original house intact, though they may shift its position slightly. A public participation meeting for the development is scheduled for Feb. 23.
You can read about the top commercial sales of 2014 here.
