875 Wesley ST #1 Active Save Request In-Person Tour Request Virtual Tour
Arlington,WA 98223
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Arlington
MLS Listing ID 2293299
Style 73 - Office
Year Built 1991
Lot Size 1.670 Acres
Property Description
Located adjacent to the Skagit Regional Health campus and Cascade Valley Hospital, the Whitehorse Medical Center is a multi-tenant medical office condo anchored by Skagit Regional Health and Western Washington Medical Group. Ideal opportunity for: 1. Value-add investment. Strong rent roll, with rental rates on occupied spaces averaging $29.36/SF, NNN. High historical occupancy, but pricing based on current 87% occupancy, provides an investor with stable cash flow with upside. 2. Owner-occupied medical group. With only 5,152 square feet leased on a long-term lease, the property provides a new owner with the opportunity to purchase a high-quality medical building, at well below replacement cost, and occupy space as leases expire.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional