Overview
Coppertop Park & Self-Storage is a vibrant business park on Bainbridge Island that offers commercial office space for a variety of businesses, as well as heated and secure storage.
Coppertop Park is a 7.26-acre mixed-use business park on Bainbridge Island. Developed between 2005 and 2018, the park provides 129,233 square feet of rentable space across twelve modern, well-maintained buildings. The park features durable, post-and-beam steel construction with copper-coated metal roofs, city utilities, and fiber-optic internet. The location provides quick access to SR-305, the Bainbridge–Seattle ferry terminal, and the Agate Pass Bridge to the Kitsap Peninsula.
Uses span retail, office, light industrial, and a modern self-storage facility with 176 climate-controlled units. The tenant mix reflects the park’s versatility. Current occupants represent food and beverage, fitness and recreation, healthcare, professional services, and manufacturing. Notable businesses include Bainbridge Brewing, Bainbridge Organic Distillers, Storyville Coffee, Island Rock Gym, Bainbridge Ballet, and New Motion Physical Therapy.
Investment Highlights
- Trophy Investment Opportunity: A combined 7.26-acre, 12-building mixed-use business park showcasing high-quality construction, modern building systems, and flexible layouts—enhanced by distinctive architectural design and exceptional curb appeal.
- Below-Market In-Place Rent: $17.29/SF NNN average in-place rent vs. submarket $24.72/SF NNN average retail rent. In-place storage rent $2.08/SF vs. $2.21/SF asking.
- Low Submarket Vacancy: 4.4% across Bainbridge Island commercial space.
- Convenient Location Near Downtown & Ferry: Located on Sportsman’s Road near Highway 305 just 2.5 miles north of busy downtown Winslow (Bainbridge Island) and the Washington State Ferry Terminal.
- Affluent Bainbridge Submarket: Just seven miles west of Seattle and accessible by a 35-minute ride on Washington’s busiest ferry route, the property benefits from proximity to Bainbridge’s affluence, where average household incomes are $164,868 within five miles of Coppertop Park.
- High Barriers to Entry: Strict development regulations and limited commercially zoned land within the Business/Industrial zone create a highly competitive environment with minimal new supply.
- Self-Storage Zoning Restrictions: Recent code amendments removed self-storage development, thereby eliminating future supply.
- Diversified Income & Stable Occupancy: A mix of retail, office, light industrial, and self-storage tenants provide stable cash flow, reduced risk, and consistently high occupancy — currently 95.5% leased to a diverse, long-term tenant base with minimal turnover.
- Storage Value-Add Potential: Immediate opportunity to enhance profitability through staffing and technology optimization, boosting revenue through increased occupancy and rental increases.
- Island's Premier Storage Facility: Modern, fully climate-controlled (heated, cooled, and humidity-controlled) facility with comprehensive security features and an upgraded, professional aesthetic.
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Transaction Leaders
