Vibe Dance Studio Building

13018 39th Ave SE Everett WA 98208

Listing #: 590604 | Status: Sold | Closing Date: 03/12/2018 | Last Modified: 3/13/2018 |

For Sale

13018 39th Ave SE Everett WA 98208

Vibe Dance Studio Building
Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Larry Cocks

(425) 250-3274

Steve Erickson

(425) 822-5522

Kyle Nordby

(425) 250-3287

First Western Properties, Inc.

(425) 822-5522

Listing Information
Listing Price$ 2,650,000
$/SF$ 277.05
Listing StatusSold
Days On Market152
Asset ClassRetail
Closed Sales Only
Actual Sold Price$ 2,600,000
$/SF$ 271.82
Closing Date03/12/2018
Selling BrokerBill Abbott
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 218,589
Vacancy Factor %0.00%
Operating Expenses$ 47,589
Net Operating Income$ 171,000
CAP Rate6.45 %
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
Total Building Sq/ft9,565
Net Rentable Area9,565
Lot Sq/ft39,204
Property Type
Property TypeRetail
Market AreaMill Creek
Tax ID #28052800302000
Year Built2003
Roof TypeBuilt Up

Public Comments: First Western Properties, Inc. is pleased to present the sale offering of the Vibe Dance Studio Building at Buffalo Square in Everett, Washington. This fully leased retail investment property is an outstanding opportunity to acquire a high quality and well located building constructed in 2003. The Vibe Dance Studio Building at Buffalo Square benefits from its prime location bordering the highly desirable and burgeoning City of Mill Creek and surrounding communities. With exposure to more than 28,000 cars per day on 132nd Street SE (SR 96), a major east-west arterial link to Interstate 5 and major employment centers in the region, this building is positioned for long-term stability. Also, the triple-net lease has annual rent increases, providing annual income upside for an investor.

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