2626 119th Street SW, Everett, WA 98204

$4,380,000

Listing courtesy of KW Everett. Selling Office: ZNonMember-Office-MLS.

Sold Price
$4,380,000
List Price
$4,900,000
Status
SOLD
MLS#
1390641
Closing Date
Jun 14, 2019
Days on Market
120

Property Description

2 Industrial Warehouses Near Paine Field. Serene Business Park is an 11-lot, 2-building development that provides excellent proximity to Boeing, Paine Field, numerous aerospace & logistics/distribution companies. Great access to I-5, 1-405, Mukilteo Speedway & the Boeing HWY. New 2-gate terminal at Paine Field opens for domestic flights in February 2019. Concrete tilt-up construction, 24' ceilings, 16' bay doors at grade. Long-term tenants, value-add opportunity. Ability to split all 9-units.

Additional Information

Community
Paine Field
Building Condition
Good
Style
61 - Comm Bldg Ovr 10K
Year Built
2000
Roof
Flat, See Remarks
Potential Terms
Cash Out, Conventional, See Remarks
Interior Features
Forced Air, Heat Pump, Concrete
Flooring
Concrete
Driving Directions
From I-5 take 128th St. exit west. Becomes Airport Rd., then left on Center Rd. Left on Alexander Rd. Right on 119th St SW. Property on your left.
Net Operating Income
$224,553
Cap Rate
3
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