19628 144th Ave NE - Warehouse FOR SALE


Woodinville, WA 98072- North Industrial
$5,995,000 USD
206-584-6195
19628 144th Ave NE, Woodinville, WA for Sale
$5,995,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

19628 144th Ave NE
Woodinville, WA 98072
North Industrial


HIGHLIGHTS

  • IMMEDIATE OWNER-USER OPPORTUNITY
  • PASSIVE INCOME STREAM
  • HIGH-DEMAND “SMALL-BAY” VERSATILITY
  • CONTRACTUAL RENT GROWTH
  • SIGNIFICANT MARK-TO-MARKET UPSIDE
  • STRATEGIC REGIONAL CONNECTIVITY

OVERVIEW

Northmarq is pleased to present the opportunity to acquire a 19,340 SF multi-tenant industrial business park located in the high demand Woodinville market. Currently 72.5% occupied across four well-proportioned suites, the property offers a rare “light-lift” value-add play or a premier owner-user headquarters with built-in debt coverage. The recent vacancy of Suite B (5,312 SF) provides an immediate opportunity for a buyer to either move their business into a high visibility location or lease the space at market rates in a submarket characterized by sub-2% vacancy. With three stable tenants already in place on NNN leases featuring 3%+ annual increases, the asset provides immediate cash flow while offering significant upside.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

19628 Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

1

DRIVE INS

4

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.86

LAND SF

37,462

ZONING

I - Industrial

APN/PARCEL ID

032605-9117

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.