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Listing Firm: KW Everett: Gabriel M. Graumann

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On February 25, 2022
NWMLS # 1878273

$2,125,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

118 SE Everett Mall Way , Everett, WA 98204

Listings with the three tree icon are courtesy of NWMLS

About This Property

ABSOLUTE NET LEASE, Sale-Leaseback Opportunity w/6% Cap Rate. Year 1 NOI of $126K annually + 2% annual increases. Tenant pays 100% of property expenses directly. Fully renovated in 2021, this building has been transformed into a modern, professional office space providing open workspaces for collaboration. Two private offices, one large conference room, and a large presentation room featuring a wall-to-wall sliding glass door system. Two bathrooms, a full kitchen, and utility room complete the space. Sale includes two adjoining parcels to the south, one fully fenced for secure storage & parking. Zoned C-1 general commercial provides redevelopment ability in the future, or retain the office & develop the two remaining lots.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Gabriel M. Graumann • KW Everett

Aris360 Last Checked: Just Now (May 22, 2025 07:36 PM)

  • Source: NWMLS as Distributed by MLS Grid #1878273

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Everett Mall
  • Zip/Postal Code: 98204
  • City: Everett

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Property Features

  • County
    • Everett Mall
  • Community
    • 740 - Everett/Mukilteo
  • MLS Area
    • 740 - Everett/Mukilteo
  • Longitude
    • -122.231056
  • Latitude
    • 47.907069
  • Directions
    • From I-5 take exit to HWY 99. Go west, property on south side of road.

  • Interior
    • Forced Air
  • Floors
    • Vinyl Plank
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Style
    • 60 - Comm Bldg Und 10K
  • Foundation
    • Concrete Ribbon,
    • Poured Concrete,
  • Topography
    • Level,Sloped
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Brick
    • See Remarks
    • Wood
    • Wood Products
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres
    • 1

  • Condition
    • Remodeled,
  • Building Total Area (Sq. Ft.)
    • 46610

  • Possession
    • Closing,
    • See Remarks,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Structure Type
    • Land,
  • Year Built
    • 1982
  • Effective Year Built
    • 2021
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu May 22 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 22, 2025 07:36 PM