Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by KW Everett
Sold
118 SE Everett Mall Way
Everett WA, 98204
$2,125,000
Sold
Commercial
Built in 1982
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.
1878273
MLSⓇ ID
January 13, 2022
Listed
March 21, 2024
Updated
Map
118 SE Everett Mall Way
Everett WA, 98204
Interior Features
Interior Features
Forced Air
Floor Description
Vinyl Plank
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
1.07 Acres
Exterior Features
Brick, See Remarks, Wood, Wood Products
Roof
Composition
Sewer
Sewer Connected
Other Property Details
Area Name
740 - Everett/Mukilteo
Garage
No
Parking Total
0
View
No
County
Snohomish
Water Source
Public
Pool
No
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Data last updated on 4/25/2024 at 5:00 PM UTC