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Arlington, WA 98223,875 Wesley ST #1
Arlington, WA 98223,875 Wesley ST #1
Arlington, WA 98223,875 Wesley ST #1
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Listed by Ayers Commercial Group
$6,000,000
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1.67 Acres Lot
Pending

875 Wesley ST #1 Arlington, WA 98223

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Better Properties Hometown

Better Properties Hometown

Better Properties Hometown

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Arlington

MLS Listing ID 2293299

Style 73 - Office

Year Built 1991

Lot Size 1.670 Acres

Property Sub-Type Commercial Industrial

Property Description

Located adjacent to the Skagit Regional Health campus and Cascade Valley Hospital, the Whitehorse Medical Center is a multi-tenant medical office condo anchored by Skagit Regional Health and Western Washington Medical Group. Ideal opportunity for: 1. Value-add investment. Strong rent roll, with rental rates on occupied spaces averaging $29.36/SF, NNN. High historical occupancy, but pricing based on current 87% occupancy, provides an investor with stable cash flow with upside. 2. Owner-occupied medical group. With only 5,152 square feet leased on a long-term lease, the property provides a new owner with the opportunity to purchase a high-quality medical building, at well below replacement cost, and occupy space as leases expire.

Location

State WA

County Snohomish

Area 770 - Northwest Snohomish

Interior

Fireplace false

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Better Properties Hometown

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875 Wesley ST #1

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