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

$7,350,000

16410 Smokey Point Blvd, Arlington, WA 98223

Active
Last Updated: 11/03/2022

5.87

Cap Rate

431,460

NOI

Details:
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
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
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

Map:
5 Spaces Available

Cumulus 201B, 201B Medical

Available:
Immediately
Sublease:
No
SQFT
1,710
Lease Type:
Gross

Cumulus 309, 309, 3 Building

Available:
Immediately
Sublease:
No
SQFT
861
Lease Type:
Gross

Suite 309. Single professional office space with waiting area and two additional offices.

Cumulus 106 Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
1,009

Cumulus 306, 306, 3rd Building

Available:
Immediately
Sublease:
No
SQFT
1,191
Lease Type:
Gross

Cumulus 307, 307, 3rd Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
1,431

Built out Medical office with southern exposure and floor to ceiling glass for plenty of natural lighting. Office entrance is directly off the 3rd floor elevator as well. Can be combined with 306 and/or 309 to accommodate up to 3,483 RSF requirement.

Location
Gallery