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Bldg A,B,C,D & E 909 SE Everett Mall Way 79,139 SF 100% Leased Retail Building Everett, WA 98208 $20,225,624 CAD ($255.57 CAD/SF) 7.31% Cap Rate
Investment Highlights
- Diversified Tenant Lineup: Medway Medical, Promo Box, Ashmodee North America, Service Alernatives, National Achievers, Cornerstone Prosthetics
- Diverse 35-tenant base — no single tenant represents more than 10% of revenue
- Five distinct buildings providing investment flexibility
- Located close to big retailers: Walmart, Costco, Target, Regal Cinemas, more...
- Strong 95% occupancy — 79,139 RSF leased across 5 buildings
Executive Summary
• 95% Leased Five-Building Commercial Campus
• Features a balanced mix of retail, flex, and office tenants, with no single user occupying more than 10% of the net rentable area.
• Benefits from significant upside potential, driven by predominantly under-market rents and high tenant demand for smaller suite sizes.
• First time the asset has been available for sale in 22 years.
• High visibility, prime SE Everett Mall Way corridor location
• Proximity to major national retailers—including Walmart, Regal Cinemas, Target, and numerous surrounding amenities
• Features a balanced mix of retail, flex, and office tenants, with no single user occupying more than 10% of the net rentable area.
• Benefits from significant upside potential, driven by predominantly under-market rents and high tenant demand for smaller suite sizes.
• First time the asset has been available for sale in 22 years.
• High visibility, prime SE Everett Mall Way corridor location
• Proximity to major national retailers—including Walmart, Regal Cinemas, Target, and numerous surrounding amenities
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
79,139 SF
Building Class
B
Year Built
1980
Price
$20,225,624 CAD
Price Per SF
$255.57 CAD
Cap Rate
7.31%
NOI
$1,478,239 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
4.92 AC
Zoning
C1R
Parking
231 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Blazing Crawfish
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Blazing Crawfish | Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 280518-003-004-00 | Improvements Assessment | $10,681,240 CAD |
| Land Assessment | $11,136,827 CAD | Total Assessment | $21,818,067 CAD |
Property Taxes
Parcel Number
280518-003-004-00
Land Assessment
$11,136,827 CAD
Improvements Assessment
$10,681,240 CAD
Total Assessment
$21,818,067 CAD
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Bldg A,B,C,D & E | 909 SE Everett Mall Way
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