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For Sale15 Days
$3,528,000

18935 59th Avenue
Arlington, WA 98223

Commercial For Sale
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    Provided by Northwest Multiple Listing Service, 2024.

    Description for 18935 59th Avenue, Arlington, WA 98223

    For Sale> Snohomish> Arlington> 98223

    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.

    Property Details

    Listing Details
    For Sale
    Commercial
    Commercial Industrial
    See Remarks
    For Sale
    NWM2263333
    $3,528,000
    11/14/2024
    1989
    Single Family
    NWM92771
    Location Information
    US
    WA
    Snohomish
    Arlington
    98223
    59th
    18935
    Avenue
    Arlington
    W123° 50' 55.9''
    N48° 10' 12.6''
    18935 59th Avenue NE, Arlington, WA 98223
    770 - Northwest Snohomish
    NE
    Yes
    Garage/Parking
    No
    No
    Interior Features
    Carpet,Ceramic Tile,Concrete
    Ceramic Tile,Wall To Wall Carpet,Concrete
    Exterior Features
    No
    No
    Wood Products,Stucco,Metal/vinyl
    Metal
    WaterFront and WaterAccess
    No
    Land Info
    Nw
    31051500401200
    Monthly
    Utilities
    Forced Air,Other – See Remarks
    Central A/c
    Sewer Connected
    HOA Info
    Monthly
    No
    Rental Info
    Monthly
    Listing Information
    Windermere Real Estate Whatcom
    Lyle Sorenson
    125
    NWM5756
    Nwmls
    $3,528,000
    11/13/2024 20:11:31
    Slab
    Unspecified
    Public
    NWM44491
    Windermere Real Estate Whatcom
    Bob Sandoz

    Price History

    Source: MLS
    DateEventPriceSource
    2024-11-14For Sale$3,528,000MLS
    Get Price Alert

    Walk Score

    Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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