875 Wesley Street 1 , Arlington, WA 98223
Arlington, WA 98223
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.
Details
| MLS# | 2293299 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Suite Number | 1 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 20 |
| Listing Provided By | Ayers Commercial Group | Jeff Ayers |
Features
| Acreage | 1.67 |
|---|
Market Activity 98223
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Learn More About This Property
| State | WA |
|---|---|
| County | Snohomish |
| City | Arlington |
| Zip Code | 98223 |
| Area | 770 Northwest Snohomish |
| Community Name | Arlington |
| Listing VS Median (in Arlington) | |
Price: $6,000,000 low | high Med: $562,475 On Site: 20 low | high Med: 196.500000 | |