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118 SE Everett Mall Way

Everett, WA 98204
  • $2,100,000
  • STATUS: Pending Feasibility
  • ON SITE: 14 Days
  • ID#: 1878273
Under Contract
UPDATED: 173 min ago
$2,100,000
  • 0
    BEDS
  • 1.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:

School Ratings & Info

Listing Courtesy of Kw Everett.

Description

ABSOLUTE NET LEASE, Sale-Leaseback Opportunity w/6% Cap Rate. Year 1 NOI of $126K annually + 2% annual increases. Tenant pays 100% of property expenses directly. Fully renovated in 2021, this building has been transformed into a modern, professional office space providing open workspaces for collaboration. Two private offices, one large conference room, and a large presentation room featuring a wall-to-wall sliding glass door system. Two bathrooms, a full kitchen, and utility room complete the space. Sale includes two adjoining parcels to the south, one fully fenced for secure storage & parking. Zoned C-1 general commercial provides redevelopment ability in the future, or retain the office & develop the two remaining lots.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Provost Team | Coldwell Banker Walla Walla are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-28T00:14:26.75.

www.provostteam.com/homes/124724007
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118 SE Everett Mall Way Everett, WA 98204

  • Price: $2,100,000
  • Status: Pending Feasibility
  • On Site: 14 Days
  • Updated: 173 min ago
  • ID#: 1878273
0
Beds
0
Baths
0
½ Baths
1.07
Acres
1982
Built
Neighborhood:
Everett Mall
County:
Snohomish
Area:
Everett/Mukilteo
Property Description
ABSOLUTE NET LEASE, Sale-Leaseback Opportunity w/6% Cap Rate. Year 1 NOI of $126K annually + 2% annual increases. Tenant pays 100% of property expenses directly. Fully renovated in 2021, this building has been transformed into a modern, professional office space providing open workspaces for collaboration. Two private offices, one large conference room, and a large presentation room featuring a wall-to-wall sliding glass door system. Two bathrooms, a full kitchen, and utility room complete the space. Sale includes two adjoining parcels to the south, one fully fenced for secure storage & parking. Zoned C-1 general commercial provides redevelopment ability in the future, or retain the office & develop the two remaining lots.
Exterior Features

Carport YN No Exterior Features BrickSee RemarksWoodWood Products Open Parking YN No Parking Total 0 Roof Composition Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography LevelSloped

Interior Features

Building Area Total 0 Fireplace YN No Flooring Vinyl Plank Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Concrete RibbonPoured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 126000 Possession ClosingSee Remarks Possible Use Commercial Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Utilities Sewer ConnectedElectricity Available Water Source Public Year Built Effective 2021 Zoning Class Commercial Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Provost Team | Coldwell Banker Walla Walla and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Provost Team | Coldwell Banker Walla Walla are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-28T00:14:26.75.

 
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Provost Team | Coldwell Banker Walla Walla
218 W Main Street
Walla Walla WA, 99362
Listing Courtesy of Kw Everett.