88th & State | 3824 88th St NE
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88th & State 3824 88th St NE
924 SF 100% Leased Industrial Building Marysville, WA 98270 $4,290,000 ($4,643/SF) 5.60% Cap Rate
EXECUTIVE SUMMARY
CenturyPacific, LLLP is pleased to present this unparalleled redevelopment opportunity at a key intersection in Marysville, WA. The property, zoned Light Industrial (LI), is well-situated on the signalized hard corner of 88th Street NE and State Avenue, providing a strategic location with convenient I-5 access and outstanding visibility. The existing improvements are in good condition, are well-leased to quality tenants, and provide material interim income in advance of redevelopment. At over 21 acres -- with a delineated usable area of +/-9.8 acres -- the property is a unique, close-in opportunity to secure a well- located future redevelopment site with strong current income.
PROPERTY FACTS
| Price | $4,290,000 | Building Class | F |
| Price Per SF | $4,643 | Lot Size | 21.43 AC |
| Sale Type | Investment | Rentable Building Area | 924 SF |
| Cap Rate | 5.60% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1946 |
| Property Subtype | Distribution |
| Price | $4,290,000 |
| Price Per SF | $4,643 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | F |
| Lot Size | 21.43 AC |
| Rentable Building Area | 924 SF |
| No. Stories | 1 |
| Year Built | 1946 |
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ZONING
| Zoning Code | 88-MU (88-MU) |
| 88-MU (88-MU) |
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88th & State | 3824 88th St NE
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