Vibe Dance Studio Building

13018 39th Ave SE Everett WA 98208

Listing #: 590604 | Status: Available | Last Modified: 11/21/2017 |

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
lcocks@fwp-inc.com

Steve Erickson

(425) 822-5522
serickson@fwp-inc.com

Kyle Nordby

(425) 250-3287
kyle@fwp-inc.com

First Western Properties, Inc.

(425) 822-5522

Listing Information
Price
Listing Price$ 2,650,000
$/SF$ 277.05
Listing StatusAvailable
Days On Market45
Asset ClassRetail
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 218,589
Vacancy Factor %0.00%
Operating Expenses$ 47,589
Net Operating Income$ 171,000
CAP Rate6.5 %
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
A/CYes
Total Building Sq/ft9,565
Net Rentable Area9,565
Lot Sq/ft39,204
Acres0.9
Property Type
Property TypeRetail
InvestmentYes
Location
CountySnohomish
Market AreaMill Creek
Tax ID #28052800302000
ZoningSnc Pcb
Construction
Year Built2003
Roof TypeBuilt Up
SprinklersYes

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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