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1048-1052 State Ave 27,546 SF 100% Leased Retail Building Marysville, WA 98270 $5,191,875 CAD ($188.48 CAD/SF) 9.63% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased
- Prime Location
- Property in excellent condition
EXECUTIVE SUMMARY
This family owned building is on the market, located in central Marysville, and is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand. The building has a sprinkler system, paved parking lot with over 105 parking spaces, and is in a prime location! Just 5 minutes to I-5 for commuting and for ease of access for tenant customers. This is your opportunity to own prime real estate with Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 9.6% and annual rent increases. Sellers will carry a contract: 25% down, 5% interest, 30 year am, 5 year cash out. Ideal for an investor with an eye towards the future
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
27,546 SF
Building Class
B
Year Built
1963
Price
$5,191,875 CAD
Price Per SF
$188.48 CAD
Cap Rate
9.63%
NOI
$499,978 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
2.13 AC
Zoning
Downtown Commercial - Downtown Commercial
Parking
105 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
202’ on State Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 300528-002-167-00 | Improvements Assessment | $2,416,011 CAD |
| Land Assessment | $2,579,830 CAD | Total Assessment | $4,995,841 CAD |
PROPERTY TAXES
Parcel Number
300528-002-167-00
Land Assessment
$2,579,830 CAD
Improvements Assessment
$2,416,011 CAD
Total Assessment
$4,995,841 CAD
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1048-1052 State Ave
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