1429 Broadway, Everett, WA 98201

$1,175,000

Listing courtesy of KW Everett. Selling Office: Robertson & Associates RE.

Sold Price
$1,175,000
List Price
$1,200,000
Status
SOLD
MLS#
1327500
Closing Date
Sep 13, 2018
Days on Market
38

Property Description

Absolute Net Lease Investment provides 6% CAP rate w/Sale & Leaseback! New 10-Year lease to established naturopathic clinic on a high traffic corner near hospitals, state & community colleges, and other national retailers. Standalone, single-tenant building was fully renovated in 2018 for tenants use. Well finished w/multiple exam rooms, offices, reception, administrative & general purpose rooms. $72,000 net income Year 1 w/bi-annual increases. Tenant pays ALL expenses directly! No mgmt needed!

Additional Information

Community
Downtown
Style
73 - Office
Year Built
1982
# of Assigned Spaces
13
Roof
Composition
Tax Year
2018
Potential Terms
Cash Out, Conventional, See Remarks
Interior Features
Forced Air, Heat Pump
Flooring
See Remarks
Driving Directions
From I-5 north take Pacific Ave exit west. Right on Broadway. Property on NE corner of Broadway & 15th Street. From I-5 south take Everett Ave. exit west. Right on Broadway. Then see above.
Net Operating Income
$72,000
Gross Adjusted Income
$72,000
Gross Scheduled Income
$72,000
Cap Rate
6
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