Listed by First Western Properties, Inc., Colliers - Bellevue, Washington
$4,800,000
Baker Avenue Building
Details
APN 004378-658-006-00 & 004378-659-031-00
Property Type Office, Industrial
Sub Type Flex, Warehouse
Square Footage 45,000
Net Rentable (SqFt) 30,000
Units 17
Cap Rate 7.33%
NOI $395,784
Price per SqFt $120
Class B
Year Built 1905
Year Renovated 2018
Buildings 1
Stories 3
Acreage 0.500
Zoning MU (Mixed Urban)
Parking Spaces 45 spaces
Parking Per SqFt 1.00
Ceiling Height 7’-12’
Dock High Doors 4
Office | 7.33% CAP | 45,000 SqFt
Marketing description
First Western Properties is pleased to present The Baker Building, located along Baker Ave just off Hewitt Ave in Everett, WA, is a prime investment opportunity. This multi-tenant property offers easy access to Interstate 5 and State Route 2 and is surrounded by various amenities. With 11 tenants including art and photography companies, the building generates an annual NOI of $395,784, representing a 6.30% cap rate. Additionally, there’s 30,000 square feet of potential space available for owner-users, including a basement warehouse with a freight elevator, warehouse space on the main floor with two dock-high roll-ups, and second-floor office space. Recent capital improvements have enhanced the property’s value, and its multiple loading and access points, including a separate parking lot, make it a rare and desirable find. The Baker Building, a rare flex property offering an Owner/User opportunity. The building consists of office, retail and warehouse space which houses a mix of tenants. Multiple capital improvements recently completed. Located close to main arterials and within an Opportunity Zone. Sale includes a recently improved parking lot to the west
Investment highlights
- 2 Parking Lots
- Roll Up Doors:
- 2 grade
- 2 Dock
- 2 Freight Elevators
- Clear Heights 7’-12’
Listing Contacts
Listed by First Western Properties, Inc., Colliers - Bellevue, Washington
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$395,784.00
$32,982.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
Map
Zoning
MU15 MixedMixed UseMixed Use High Rise
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View all 75 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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