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Mission-Critical Food Processing Facility 10120 269th Pl NW

198,487 SF Industrial Building Stanwood, WA 98292 $32,000,000 ($161/SF) 7.85% Cap Rate

Warehouses Washington Stanwood 10120 269th Pl NW, Stanwood, WA 98292

Investment Highlights

  • Long-term Lease: 20-year absolute triple net lease with 2.5% annual rent increases
  • Recent Renovations: No Meat Factory recently completed $15M in renovations for new production lines
  • Experienced Management: Management team with over 85 years of combined industry experience
  • Facility Consolidation: The Company is consolidating its Canadian facility into the Stanwood, WA location
  • High Demand for Cold Storage: The Everett-Seattle-Tacoma area continues to see increased demand for cold storage space

Property Facts

Price $32,000,000 Rentable Building Area 198,487 SF
Price Per SF $161 No. Stories 1
Sale Type Investment NNN Year Built 1997
Cap Rate 7.85% Tenancy Single
Sale Conditions Sale Leaseback Parking Ratio 0.7/1,000 SF
Property Type Industrial Clear Ceiling Height 30 FT
Property Subtype
Warehouse
  • Industrial Food Processing
  • Industrial Manufacturing
  • Industrial Refrigeration ColdStorage
 No. Dock-High Doors/Loading 7
Building Class B No. Drive In / Grade-Level Doors 2
Lot Size 6.06 AC
Price $32,000,000
Price Per SF $161
Sale Type Investment NNN
Cap Rate 7.85%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Food Processing
  • Industrial Manufacturing
  • Industrial Refrigeration ColdStorage
Building Class B
Lot Size 6.06 AC
Rentable Building Area 198,487 SF
No. Stories 1
Year Built 1997
Tenancy Single
Parking Ratio 0.7/1,000 SF
Clear Ceiling Height 30 FT
No. Dock-High Doors/Loading 7
No. Drive In / Grade-Level Doors 2

Amenities

  • Freezer (Space)
  • Plus 15
  • Air Conditioning

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 004001-002-001-00
  • 320324-003-028-00
  • 320324-003-025-00
 Improvements Assessment $14,971,700
Land Assessment $774,700 Total Assessment $15,746,400

PROPERTY TAXES

Parcel Numbers
Multiple
  • 004001-002-001-00
  • 320324-003-028-00
  • 320324-003-025-00
Land Assessment
$774,700
Improvements Assessment
$14,971,700
Total Assessment
$15,746,400

zoning

Zoning Code GI
GI
(203) 610-1541

Contacts

  • Listing ID: 33057947

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 10120 269th Pl NW, Stanwood, WA 98292

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Mission-Critical Food Processing Facility | 10120 269th Pl NW
(203) 610-1541 x

Mission-Critical Food Processing Facility | 10120 269th Pl NW

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Phil DiGennaro

(203) 610-1541

(203) 610-1541

Owen McNulty

(708) 601-3087

(708) 601-3087

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