|
|
|
|
Clayton Brown
Direct: (206) 826-5787
|
|
|
Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
|
|
|
|
|
|
|
|
FOR SALE - Listing #: 707119
MJM Building
3202 - 3228 McDougall Ave , Everett WA98201
43,334 Available SF 43,334 SF
Agent Remarks
For sale a compelling Owner-User or Value-Add investment opportunity in Everett, Washington. The Property is currently occupied by two major tenants, each with lease provisions allowing termination on 180 days’ notice, providing a future owner with exceptional flexibility to maintain existing income, reposition the asset, or ultimately occupy the building as an owner-user. Offered at $165/SF, the Property presents a compelling entry point relative to replacement cost and comparable Everett assets. The offering reflects a 5.55% going-in cap rate, increasing to a 6.30% true in-place cap rate beginning January 1, 2027. Additionally, current rents of approximately $9.72/SF remain well below estimated market rents of approximately $12–$14/SF, providing embedded rent growth and supporting long-t
|
County
|
Snohomish
|
|
|
Market Area
|
Everett
|
|
|
Tax ID #
|
00439076202000
|
|
|
Price
|
$ 6,950,000
|
|
Property Details
|
Prop Type
|
Industrial
|
|
|
# Floors
|
1
|
|
|
Bldg SF
|
43,334
|
|
|
Year Built
|
1955
|
|
|
Land SF
|
47,783
|
|
|
# Bldgs
|
1
|
|
|
Acres
|
1.09695
|
|
|
# Parking Spaces
|
0
|
|
|
Office Class
|
|
|
|
|
|
|
|
|
|
Informational Links
|
|
|
