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27925832
27925831

4225 Hoyt Ave, Everett, WA 98203

Wallace Properties, Inc
JN
Listed by Wallace Properties, Inc
$5,100,000
220 days on market
Updated 26 days ago

43rd & Hoyt Healthcare Campus

Details
Property Type Office
Sub Type Medical Office
Square Footage 12,711
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $401
Class B
Year Built 1976
Stories 1
Zoning UR-7 (Urban Residential 7 Floors)

Fully Leased MOB - Investment Opportunity

Marketing description

43rd & Hoyt Medical Healthcare Campus is 100% occupied on stable long-term leases. The three contiguous parcels include a 12,433 SF MOB plus two single-family residential homes. The investment property is located just off Broadway and I-5 near Everett Clinic, Providence Regional Medical Center, Kaiser Permanente and Optum Health.

Investment highlights

Investment Advantages

  • Healthcare Demand - Located in Everett's thriving medical district with proximity to major healthcare providers including Providence Regional Medical Center, The Everett Clinic, and Kaiser Permanente.

  • Stable Income - 100% leased property with five separate medical tenant leases providing diversified cash flow from healthcare practices.

  • Development Potential - UR7 zoning allows for urban residential development up to 7 floors offering future upside and expansion.

Listing Contacts

Wallace Properties, Inc
JN
Listed by Wallace Properties, Inc

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