111 SE Everett Mall Way - Office FOR SALE


Everett, WA 98208- Cascade View Everett
$4,520,000 USD
206-693-3329
111 SE Everett Mall Way, Everett, WA for Sale
$4,520,000 USD
Office - FOR SALE
1/10
null | 6% Cap Rate

111 SE Everett Mall Way
Everett, WA 98208
Cascade View Everett


HIGHLIGHTS

  • Fully Occupied with Long-Term Tenants: Leased to two dental care providers since 2013, both recently renewed leases.
  • Attractive Rent Increases: 3% annual rent escalations keep rents with market.
  • Located in a Growing Market: Everett's population has grown 15.9% since 2000, with home values up 62% since 2019, averaging $650,000.
  • Prime, High-Traffic Location: Situated on Everett Mall Way (32,530+ VPD), just one mile from I-5 with direct access to Seattle and Snohomish County.
  • Near Major Redevelopment: Close to “The Hub @ Everett,” featuring an upcoming Topgolf and anchored by national retailers like Target and Panera

OVERVIEW

The Offering provides the opportunity to acquire a 7,782 SF medical office building in Everett, Washington. The Property is fully leased to two established dental care providers, Stellar Kids Dentistry and Albright Family Dental, of which both have occupied the premises for over 10+ years and recently executed lease renewals. The Property is positioned in the Everett Mall South submarket, just one mile from the Everett Mall, a regional shopping center filled with national retailers such as HomeGoods, ULTA, Trader Joe’s, Burlington, Old Navy, and Regal Cinemas. The mall is currently being fully redeveloped and rebranded into “The Hub @ Everett.” The Hub will include more open-air walking areas, as well as a new Topgolf location. Construction is expected to conclude in 2026. Additionally, the Property benefits from proximity to I-5 and has two access points to the site, providing excellent accessibility. The area has seen a 15.9% population increase since 2000, demonstrating the Property’s ideal location in a growing market.

FOR SALE DETAILS

PRICE

$4,520,000 USD

PRICE/SF

$626 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg D

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-1, Everett

APN/PARCEL ID

004802-013-005-01

ASK ABOUT THIS PROPERTY

Joe DugoniNorthmarqMore Info
206-693-3329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe DugoniNorthmarqMore Info
206-693-3329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.