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19628 Building 19628 144th Ave NE 19,340 SF 73% Leased Industrial Building Woodinville, WA 98072 $8,343,242 CAD ($431.40 CAD/SF)
Investment Highlights
- IMMEDIATE OWNER-USER OPPORTUNITY
- HIGH-DEMAND “SMALL-BAY” VERSATILITY
- SIGNIFICANT MARK-TOMARKET UPSIDE
- PASSIVE INCOME STREAM
- CONTRACTUAL RENT GROWTH
- STRATEGIC REGIONAL CONNECTIVITY
Executive Summary
Northmarq is pleased to present the opportunity to acquire a 19,340 SF multi-tenant industrial business park located in the high demand Woodinville market. Currently 72.5% occupied across four well-proportioned suites, the property offers a rare “light-lift” value-add play or a premier owner-user headquarters with built-in debt coverage.
The recent vacancy of Suite B (5,312 SF) provides an immediate opportunity for a buyer to either move their business into a high visibility location or lease the space at market rates in a submarket characterized by sub-2% vacancy. With three stable tenants already in place on NNN leases featuring 3%+ annual increases, the asset provides immediate cash flow while offering significant upside.
The recent vacancy of Suite B (5,312 SF) provides an immediate opportunity for a buyer to either move their business into a high visibility location or lease the space at market rates in a submarket characterized by sub-2% vacancy. With three stable tenants already in place on NNN leases featuring 3%+ annual increases, the asset provides immediate cash flow while offering significant upside.
Property Facts
Amenities
- Fenced Lot
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl - B
- 5,312 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - B | 5,312 SF | Industrial | - | Now |
1st Fl - B
| Size |
| 5,312 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 032605-9117 | Improvements Assessment | $4,054,209 CAD |
| Land Assessment | $937,743 CAD | Total Assessment | $4,991,953 CAD |
Property Taxes
Parcel Number
032605-9117
Land Assessment
$937,743 CAD
Improvements Assessment
$4,054,209 CAD
Total Assessment
$4,991,953 CAD
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19628 Building | 19628 144th Ave NE
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