2218 Cedardale Rd | Mount Vernon, WA 98274
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2218 Cedardale Rd
Mount Vernon, WA 98274
Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 9,857 SF |
| Property Subtype | Warehouse | No. Stories | 1 |
| Building Class | C | Year Built | 1997 |
| Lot Size | 2.55 AC | Tenancy | Single |
| Zoning | C-2 | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.55 AC |
| Rentable Building Area | 9,857 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Zoning | C-2 |
ABOUT 2218 CEDARDALE RD , MOUNT VERNON, WA 98274
6% Cap Rate on Absolute Net Lease with 8 years remaining on a 10 year lease to a National Credit Tenant (United Site Services Inc.). 3% annual rent increases over the entire term of the lease and two 5 year options. The property is 2.5 acres graded, level, fenced and secured with I-5 visibility. The property is improved with a 10,250 SF steel building built in 1997 with a masonry office addition built in 2006. This is a strong long term asset.
PROPERTY TAXES
| Parcel Number | P28632 | Improvements Assessment | $870,100 |
| Land Assessment | $1,111,400 | Total Assessment | $1,981,500 |
PROPERTY TAXES
Parcel Number
P28632
Land Assessment
$1,111,400
Improvements Assessment
$870,100
Total Assessment
$1,981,500
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