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Investment Highlights

  • Value-Add or Owner-User Opportunity (88% Occupied)
  • Significantly Below Market Rent (30%)
  • Future Development Potential
  • Exceptionally Located Within Walking Distance of Lynnwood Light Rail and Minutes From I-5
  • Excellent Demographics
  • Essential Service Tenant Base

Executive Summary

Marcus & Millichap's Brown Retail Group is pleased to present the exclusive offering of the CLS Building, a 15,976 SF value-add or owner/user opportunity located in Lynnwood, WA, adjacent to the newly completed Lynnwood Light Rail Station and just minutes from I-5. The property houses tenants in a variety of industries, and offers direct access to dense residential communities and key employment centers. Currently 88% occupied with tenants paying below market rent, it provides investors or owner/users with immediate cash flow and a prime opportunity to implement a value-add strategy in one of the region’s fastest-growing submarkets. The property has a City Center West zoning designation in the City Center District, which is designed to promote higher density housing, retail and restaurants, and professional uses. The property is well-positioned for eventual redevelopment at a maximum height of 140 feet.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,976 SF
Building Class
C
Year Built/Renovated
1980/2016
Price
$4,111,230 CAD
Price Per SF
$257.34 CAD
Cap Rate
9%
NOI
$370,109 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,988 SF
Slab To Slab
8’
Building FAR
0.37
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
CC-W - City Center West
Parking
42 Spaces (2.63 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Balcony

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -

Nous offrons un environnement innovateur, favorable et apaisant qui favorise la croissance personnelle et la créativité. Les personnes prêtes à écouter de l'intérieur d'elles-mêmes et qui ont besoin d'un soutien naturopathique tout en travaillant à leur bien-être personnel trouvent la plus grande valeur dans le mieux-être vert.

  • Educational Services
  • -
  • -
  • -

Si vous m'aviez demandé quand j'avais huit ans ce que je voulais être quand je serais grande, ma réponse serait toujours une mère, une professeure de danse, une propriétaire de studio. Maintenant, je peux dire fièrement que j'ai atteint les trois objectifs. La Haven Dance Academy est un rêve qui a été créé depuis longtemps et je ne pourrais pas être plus impatient de le voir se concrétiser. ? Le nom Haven Dance Academy vient du désir que ce studio soit un havre de paix pour moi et tous ceux qui entrent dans ses portes. Vous pouvez toujours vous attendre à ce que des professeurs du plus haut calibre mettent l'accent non seulement sur les techniques de danse appropriées, mais aussi sur le danseur dans son ensemble. ? Je sais que 2016 marque le début de nombreuses saisons extraordinaires de la Haven Dance Academy, et j'ai hâte d'inspirer les danseurs jeunes et moins jeunes pour de nombreuses années à venir.

  • Parkview Services
  • Services
  • -
  • -
  • -
  • Synergy Homecare
  • Health Care and Social Assistance
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - -
Educational Services - - -
Parkview Services Services - - -
Synergy Homecare Health Care and Social Assistance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste 205
  • 1,873 SF
  • Office
  • Full Build-Out
  • Now

Office space immediately available for lease. Suite 205 is already configured for professional office use; featuring an entry/reception, 4 larger rooms/conference rooms, 2 private offices, and a break room.The suite has been recently updated including brand new carpet and interior paint, providing a move-in ready space immediately available for occupancy. The property features ample parking surrounding the building and a connecting bridge provides direct access to the building from the parking lot. The property is adjacent to the newly finished Lynnwood light rail station and is less than half a mile from I-5, providing businesses with easy access for employees and customers. Contact Ruthanne Loar for further details.

Space Size Space Use Build-Out Available
2nd Fl-Ste 205 1,873 SF Office Full Build-Out Now

2nd Fl-Ste 205

Size
1,873 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 205

Size 1,873 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Office space immediately available for lease. Suite 205 is already configured for professional office use; featuring an entry/reception, 4 larger rooms/conference rooms, 2 private offices, and a break room.The suite has been recently updated including brand new carpet and interior paint, providing a move-in ready space immediately available for occupancy. The property features ample parking surrounding the building and a connecting bridge provides direct access to the building from the parking lot. The property is adjacent to the newly finished Lynnwood light rail station and is less than half a mile from I-5, providing businesses with easy access for employees and customers. Contact Ruthanne Loar for further details.

Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
003726-006-007-03
Land Assessment
$4,228,365 CAD
Improvements Assessment
$334,883 CAD
Total Assessment
$4,563,249 CAD
  • Listing ID: 38573335

  • Date on Market: 2025-11-25

  • Last Updated:

  • Address: 4720 200th St SW, Lynnwood, WA 98036

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