20006 Cedar Valley Rd - Medical FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish
$1,800,000 USD
206-584-6195
20006 Cedar Valley Rd, Lynnwood, WA for Sale
$1,800,000 USD
Medical - FOR SALE
1/5
null | 6.43% Cap Rate

20006 Cedar Valley Rd
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • NEAR-TERM VALUE-ADD POTENTIAL
  • WELL-LOCATED
  • SIGNIFICANT NEARBY DEVELOPMENT
  • HIGH-DEMAND EXECUTIVE SPACE
  • EXCELLENT DEMOGRAPHICS
  • ESSENTIAL SERVICE TENANT BASE

OVERVIEW

Northmarq is pleased to present the opportunity to acquire Building A of the Cedar Valley Office Park, located just outside the Alderwood and City Center District in Lynnwood, WA. Building A is a 7,816 SF office building that caters to service-oriented tenants in professional and healthcare industries. The current tenants have short-term leases, offering a new investor a near-term value-add opportunity through improving rents and extending lease terms. The Property sits on a 1.62 acre parcel encompassing the NW corner of Sprague’s Pond. The recently completed Lynnwood City Center Station of the Link Light Rail Expansion is located less than 0.5mi away, and is less than a 10-minute walk. The Property is in near proximity to Hwy 99 and I-5, offering convenient commuter access for tenants and clientele in nearby residential areas.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

PUD

APN/PARCEL ID

006084-003-001-04

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.