4720 200th St SW - Office FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish
$3,330,000 USD
206-826-5784
4720 200th St SW, Lynnwood, WA for Sale
$3,330,000 USD
Office - FOR SALE
1/5
null | 3.88% Cap Rate

4720 200th St SW
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • OWNER-USER OR INVESTMENT OPPORTUNITY
  • EXCEPTIONALLY LOCATED
  • FUTURE DEVELOPMENT POTENTIAL

OVERVIEW

THE VARA GROUP is pleased to present the exclusive offering of the CLS Building, located in Lynnwood, WA. The CLS Building is a 15,976 SF professional office building located adjacent to the newly completed Lynnwood Light Rail Station. The property houses tenants in a variety of industries, and offers direct access to dense residential communities and key employment centers. Currently 79% occupied, it provides investors with immediate cash flow and a prime opportunity to implement a valueadd strategy in one of the region’s fastest-growing submarkets. The property has a City Center West zoning designation in the City Center District, which is designed to promote higher density housing, retail and restaurants, and professional uses. The property is well-positioned for eventual redevelopment at a maximum height of 140 feet.

FOR SALE DETAILS

PRICE

$3,330,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

3.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CLS Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

CC-W

APN/PARCEL ID

003726-006-007-03

ASK ABOUT THIS PROPERTY

Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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