Everett, WA 98204,118 SE Everett Mall WAY
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Everett, WA 98204,118 SE Everett Mall WAY
Everett, WA 98204,118 SE Everett Mall WAY
Everett, WA 98204,118 SE Everett Mall WAY
Everett, WA 98204,118 SE Everett Mall WAY
Listed by KW Everett
Bought with ZNonMember-Office-MLS

$2,125,000

Est. payment /mo

$2,100,000

1.2%
Est.Price: ?

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118 SE Everett Mall WAY Everett, WA 98204

1.07 Acres Lot

SOLD DATE : 02/25/2022

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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Northwest MLS (NWMLS)

Ricardo Campos

Agent | License ID: 137033

+1(425) 529-7170

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