3402 173rd Pl NE - Medical FOR SALE


Arlington, WA 98223
$1,950,000 USD
206-584-6195
3402 173rd Pl NE, Arlington, WA for Sale
$1,950,000 USD
Medical - FOR SALE
1/5
null | 5.92% Cap Rate

3402 173rd Pl NE
Arlington, WA 98223


HIGHLIGHTS

  • Stable Tenant Base With Upside
  • Near-Term Value-Add Opportunity
  • Passive NNN Leases
  • Growth-Oriented Submarket
  • Essential Service Tenant Base
  • Well-Located

OVERVIEW

The Vara Group is excited to present the exclusive sale offering of Arlington Plaza 173, a well-maintained medical and professional office building located just off I-5 in Arlington, WA. The property houses six suites totaling 9,662 SF and is currently 81% occupied by three tenants. The rent roll offers staggered lease expirations through 2030 for three tenants, and features a new 10-year NNN lease with a dental professional. The Property is home to a mix of healthcare and service-oriented tenants. The Smokey Point submarket has experienced consistent rent growth over the past five years, and is quickly becoming a target for industry and tenant movement in the Puget Sound region. The Property is located just between the Smokey Point Transit Center and 172nd Street, and is less than half a mile from I-5.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

5.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 173

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

HC

APN/PARCEL ID

004302-000-005-00

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.