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1048-1052 State Ave
27,546 SF 100% Leased Retail Building Marysville, WA 98270 $3,750,000 ($136/SF) 8.61% Cap Rate
Investment Highlights
- Prime real estate in Downtown Commercial Zoning in fast growing Marysville - close to I-5 for commuting and for ease of access
- Building fully occupied with CAP rate of 7.17% and built in 3% increases annually for every lease
Executive Summary
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$283,722
|
$10.30
|
| Other Income |
$43,157
|
$1.57
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$326,879
|
$11.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,157
|
$1.57
|
| Net Operating Income |
$283,722
|
$10.30
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $283,722 |
| Annual Per SF | $10.30 |
| Other Income | |
|---|---|
| Annual | $43,157 |
| Annual Per SF | $1.57 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $326,879 |
| Annual Per SF | $11.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,157 |
| Annual Per SF | $1.57 |
| Net Operating Income | |
|---|---|
| Annual | $283,722 |
| Annual Per SF | $10.30 |
Property Facts
Amenities
- Bus Line
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 6,932 SF
- $13.93
- Triple Net
- Feb 2027
Our family has been in the pawn industry since 1964. We conduct business with utmost integrity and strive to be the best in the business. Providing excellent customer service when pawning, selling, buying or trading. Our many satisfied customers have spread the word, and our reputation has rapidly grown throughout the area for high quality merchandise, great prices and friendly conversation. We offer Antique, Estate, Contemporary, Fine Gold and Diamond Jewelry, Sterling Silver & Turquoise Jewelry, Gold & Silver Coins, Tools, Electronics, Native American Art, Musical Instruments, Sporting Goods, and MUCH MORE! We have an Expert Jewelry Repair Service for re-sizing, repairs and re-designing. Diamond & Engagement Rings and Wedding Sets. We appreciate your business and strive to make sure everyone leaves with a smile.
- Marysville Laundry Station
- Services
- 4,000 SF
- $17.80
- Triple Net
- Dec 2033
-
- Services
- 15,600 SF
- $6.72
- Triple Net
- Mar 2024
Life is complicated enough. Racing to a fitness center, fighting crowds and weather to get your daily workout doesn't help. Busy, productive lifestyles require convenience. PA Fitness offers you exclusive locations with the latest in fitness equipment, workout trends, locker room amenities, and so much more.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 6,932 SF | $13.93 | Triple Net | Feb 2027 | |
| Marysville Laundry Station | Services | 4,000 SF | $17.80 | Triple Net | Dec 2033 | |
|
|
Services | 15,600 SF | $6.72 | Triple Net | Mar 2024 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 300528-002-167-00 | Improvements Assessment | $2,003,500 (2024) |
| Land Assessment | $1,563,200 (2024) | Total Assessment | $3,566,700 (2024) |
PROPERTY TAXES
Presented by
1048-1052 State Ave
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