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11608 Airport Rd

1,828 SF Office Building Everett, WA 98204 $1,404,936 CAD ($769 CAD/SF) 5.98% Cap Rate

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Executive Summary

Prime commercial site on Airport Road, just off Highway 99, near Boeing and the new Snohomish County National Airport. The property includes over 12 parking spots and features a 1,828-square-foot building, on a long term lease to Airport Massage under a triple net lease! The building, constructed in 1978, sits on a 9,583-square-foot parcel. The monthly rent is $4,923.42 with a 6% yearly increase, generating an annual gross and net income of $59,081, yielding a 6% CAP rate! Don’t Miss Out On This Awesome Investment Opportunity!

Airport Massage Property (V.3.1)

Property Facts

Sale Type

Investment NNN

Property Type

Office

Building Size

1,828 SF

Building Class

Year Built

1978

Price

$1,404,936 CAD

Price Per SF

$769 CAD

Cap Rate

5.98%

NOI

$84,013 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

1,828 SF

Building FAR

0.19

Lot Size

0.22 AC

Opportunity Zone

Yes

Zoning

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