First Time Available Upscale Professional Office Building in Smokey Point WA,

16410 Smokey Point Blvd, Arlington, WA

$7,350,000

Price

5.87%

Cap Rate

$431,460

NOI

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Street
Map
Overview
Cap Rate
5.87%
NOI
$431,460
Building Size
25,065 sqft
Lot Area
2.51 acres
Occupancy
83%
Class
B
Units
12
Year Built
1991
Floors
3
Parking Spots
118
Description

First Time on Market! 25,065 sq ft Professional Office Building in one of the most dynamic and fastest growing markets in the Puget Sound area! Owner/User opportunity as well with 2,622 contiguous sq/ft available for immediate use.

The City of Arlington, located 30 miles north of Seattle along Interstate 5, is one of the fastest growing communities by percentage, in the County. With over 900 new housing units constructed within the past few years, as well as the +1,000,000 sq/ft Gayteway Business Park coming soon, the demand for additional service sector jobs will continue rapidly increase thereby creating additional demand for well positioned office properties.

SEC 29 TWP 31 RGE 05E 490.18FT OF S1/3 OF S1/2 OF SE1/4 NE1/4 EXC E 50FT THOF CONVYD TO SNO CO AKA LOT 1 OF RALPH & MARY MONTY'S BSP REC VOL 1 OF BSP'S PG 208 AF NO 9009125003

Highlights
  • First time on the Market- Professional Office Bldg Available
  • One of the most dynamic submarkets in North Snohomish County
  • 100,000 + Vehicles Per Day with I-5 Visibility
  • 900+ housing units recently constructed within 1 mile of the bldg.
  • Roof and all HVAC systems recently replaced
Location
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