THE VARA GROUP is pleased to present the sale offering for the MJM Building, a fully leased multi-tenant industrial property located in the heart of Everett, WA. The asset is anchored by JMC Cabinets and WW Wells Millwork. The anchor tenants comprise 89.6% of the square footage and have each occupied their spaces for 30+ years. Additionally, each of the tenants has agreed to an accelerated rental increase structure that will see their rents increase 37% over the next 4 years. The property spans 8 suites across 43,334 SF, and is 100% occupied by 5 tenants and provides immediate and predictable in-place cash flow. The building’s divisible layout accommodates a variety of industrial users, while below-market rents and staggered lease expirations across the smaller suites provide a significant value-add opportunity.