20215-20217 Cedar Valley Rd - Warehouse FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish
$4,100,000 USD
206-584-6195
20215-20217 Cedar Valley Rd, Lynnwood, WA for Sale
$4,100,000 USD
Warehouse - FOR SALE
1/4
null | 4.43% Cap Rate

NEW


20215-20217 Cedar Valley Rd
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • Owner-User Opportunity with Income
  • Excellent Loading and Distribution Capability
  • Strategic Location
  • Strong Submarket Rent Growth
  • Attractive Market Fundamentals
  • Significant Nearby Development

OVERVIEW

The Vara Group is pleased to present 20215 & 20217 Cedar Valley Road, an industrial offering in Lynnwood, WA comprised of two buildings totaling 28,738 RSF. The buildings sit on a 1.54-acre parcel, with ample parking and great maneuverability for distribution. The buildings were built in 1973, and feature clear-span warehouse space, high ceilings, and 10 grade-level doors ranging from 10 to 14 feet. The Property is well-positioned between Interstate-5 and Highway 99, allowing for quick and convenient access to two major distribution travel routes. Through the Scriber Creek Trail, the asset is a sub-10-minute walk from the recently completed Link Light Rail station. The property is currently home to one tenant that accounts for just under 60% of the RBA. The tenant has a lease through December, 2025, with one 1-year option to extend, offering a near-term value-add opportunity, or ample time for a new owner-user to coordinate a move into the facility. Lynnwood has benefited from consistent industrial rent growth over the past decade and is home to an abundance of multifamily and commercial development in the coming years.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

4.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cedar Valley Road Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

Water - City

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

10

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.54

LAND SF

67,082

ZONING

LI

APN/PARCEL ID

006084-003-003-00

ASK ABOUT THIS PROPERTY

RJ VaraMarcus & MillichapMore Info
206-584-6195

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RJ VaraMarcus & MillichapMore Info
206-584-6195

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