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875 Wesley Street , #1

Arlington, WA 98223
  • $6,000,000
  • STATUS: Active
  • MLS #: 2293299
UPDATED: 67 min ago
$6,000,000
  • 0
    BEDS
  • 1.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Ayers Commercial Group.
Mortgage Calculator is provided by BoomTown.

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-11-04T00:14:26.133. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-11-04T00:14:26.133. 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.
www.reubenbrayhomes.com/homes/155513461
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875 Wesley Street , #1 Arlington, WA 98223

  • Price: $6,000,000
  • Status: Active
  • On Site: Days
  • Updated: 67 min ago
  • MLS #: 2293299
0
Beds
0
Baths
0
½ Baths
1.67
Acres
1991
Built
Neighborhood:
Arlington
County:
Snohomish
Area:
770 - Northwest Snohomish
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.
Exterior Features

Carport YN No Open Parking YN No Parking Total 0 Structure Type Office Style Code 73 - Office

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 0 Cooling YN No Fireplace YN No Fireplaces Total 0 Heating YN No Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN Yes Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 324728 Possession Closing Possible Use Commercial Property Sub Type Commercial Industrial Senior Community YN No Special Listing Conditions None Zoning Class Commercial Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-11-04T00:14:26.133. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-11-04T00:14:26.133. 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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Reuben Bray Homes | Realty One Group Prestige
11818 SE Mill Plain Blvd Ste. 403
Vancouver WA, 98684
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Ayers Commercial Group.
Mortgage Calculator is provided by BoomTown.