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875 Wesley St - Whitehorse Medical Center
15,271 SF Office/Medical Condo Unit Offered at $6,000,000 in Arlington, WA 98223
Investment Highlights
- With high historical occupancy, but pricing based on current 87% occupancy, the building provides an investor with stable cash flow and upside through
- Owner-occupied medical group looking to establish a presence in Arlington.
Executive Summary
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 additional space as leases expire.
Property Facts
| Price | $6,000,000 | Building Class | B |
| Unit Size | 15,271 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 37,500 SF |
| Total Building Size | 75,000 SF | Year Built | 1991 |
| Property Type | Office (Condo) | Lot Size | 1.67 AC |
| Property Subtype | Medical | Parking Ratio | 0.6/1,000 SF |
| Sale Type | Investment or Owner User |
| Price | $6,000,000 |
| Unit Size | 15,271 SF |
| No. Units | 1 |
| Total Building Size | 75,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 37,500 SF |
| Year Built | 1991 |
| Lot Size | 1.67 AC |
| Parking Ratio | 0.6/1,000 SF |
1 Unit Available
Unit 1
| Unit Size | 15,271 SF | Sale Type | Investment or Owner User |
| Price | $6,000,000 | Cap Rate | 5.84% |
| Price Per SF | $392.90 | NOI | $350,400 |
| Condo Use | Office/Medical | APN/Parcel ID | 008127-000-001-00 |
| Unit Size | 15,271 SF |
| Price | $6,000,000 |
| Price Per SF | $392.90 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.84% |
| NOI | $350,400 |
| APN/Parcel ID | 008127-000-001-00 |
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.
Sale Notes
Ayers Commercial Group is pleased to present the opportunity to purchase the Whitehorse Medical Center in Arlington, WA.
Amenities
- Signage
zoning
| Zoning Code | R96, Arlington |
| R96, Arlington |
-
Jeff Ayers -
Andrew Ayers - Ayers Commercial Group LLC
Presented by
Ayers Commercial Group LLC
875 Wesley St - Whitehorse Medical Center
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