Bought with ZNonMember-Office-MLS
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118 SE Everett Mall WAY Everett, WA 98204
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Key Details
Sold Price $2,125,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Everett Mall
MLS Listing ID 1878273
Sold Date 02/25/22
Style 60 - Comm Bldg Und 10K
Year Built 1982
Lot Size 1.070 Acres
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.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Interior Features Forced Air
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick, See Remarks, Wood, Wood Products
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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