875 Wesley Street #1
Arlington, WA 98223
1.67 acres | #2293299
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.
Property Details
- Property SubtypeCommercial Industrial
- Date ListedSeptember 20, 2024
- Style73 - Office
- Original List Price$6,000,000
- SubdivisionArlington
- CountySnohomish
- Property TypePurchase
- MLS #2293299
- Cost6000000
- MLS #2293299
- Structure TypeOffice
- Acres1.67
- Year Built1991
- Days on Market (Cumulative)87
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:21:02. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jeff Ayers (#NWM86279)
Listing Office: Ayers Commercial Group (#NWM10119)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
