MLS # 2263333 | Windermere Real Estate Whatcom|360-398-6800 18935 59th Ne Avenue is a $3,528,000 home located in Arlington, WA.
Investor Alert! Great building at Arlington Airport, in rapidly growing, established industrial area just minutes from the new Amazon warehouse and much more. Building floor plate is 21,500 s.f. plus built out 2nd floor offices, bull pen, conference room, lunch room and rest rooms. Long term tenant w renewed lease and in process, negotiated land lease extension. Based on a year one rent of $252,000 and a purchase price of $3,528,000, the initial cap rate is 7.14%. Rent escalates 3% annually with the cap rate at 8% by year 4 of the 12-year lease. With the Seller funding improvements at closing of $583,880. This provides the owner with a forty (40) year land lease and a fully renovated investment property at no additional cost.
| Interior Features | Carpet Ceramic Tile Concrete Slab |
| Heating Types | Forced Air |
| Exterior Features | Metal/Vinyl Stucco Wood Products Tenant's Rights Industrial Electric Natural Gas See Remarks |
| Water Source | Public |
| Sewer | Sewer Connected |
| Property Type | Commercial Sale |
| Property Sub Type | Commercial Industrial |
| Style | Unspecified |
| Year Built | 1989 |
| HOA Fee | $0.00 |
| Taxes | $0.00 |
| County | snohomish |
| Neighborhood | Arlington |
| Days On Market | 57 |
Based on information from the Northwest Multiple Listing Service (NWMLS), last updated
09/09/2024 at 02:32am MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website. Disclaimer: The information contained in this listing has not been verified by John L Scott | Jason Randall and should be verified by the buyer. See full DMCA disclaimer
