9315 State Ave | Marysville, WA 98270
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- LoopNet Team
9315 State Ave
Marysville, WA 98270
State Street Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 84,264 square foot retail center with longstanding anchors and below-market rents averaging $9/sf/yr
- Costless Warehouse currently pays $2.79/ sf Gross, which is significantly below market rent.
- At $90 per square foot, the property is priced substantially below replacement cost.
- Goodwill, Costless Warehouse and Everett Community College occupy 67.4% of the total GLA and have been tenants in the property for 21, 11, and 19 yrs
- At 26,080 sf and 31% of the GLA, Goodwill recently executed a 7-year lease extension showing their commitment to the site.
- Currently occupied by a drive-thru espresso stand paying $1,606 per month, market rent for similar out-pad espresso stands range from $3,000 - $5,000
PROPERTY FACTS
Property Type
Building Size
84,264 SF
Building Class
C
Year Built
1990
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.35
Lot Size
5.55 AC
Zoning
GC, Marysville
Parking
238 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
269’ on State Ave
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 300516-003-039-00 | Improvements Assessment | $3,318,800 |
| Land Assessment | $4,026,200 | Total Assessment | $7,345,000 |
PROPERTY TAXES
Parcel Number
300516-003-039-00
Land Assessment
$4,026,200
Improvements Assessment
$3,318,800
Total Assessment
$7,345,000
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