Cedar Valley Road Industrial
Small Bay Industrial, Value-Add Opportunity in a Tight Market
Marketing description
MARCUS & MILLICHAP is pleased to present 20215
& 20217 Cedar Valley Road, an industrial offering in
Lynnwood, WA comprised of two buildings totaling
28,738 RSF. The buildings sit on a 1.54-acre parcel, with
ample parking and great maneuverability for distribution.
The buildings were built in 1973, and feature clear-span
warehouse space, high ceilings, and 10 grade-level doors
ranging from 10 to 14 feet. The Property is well-positioned
between Interstate-5 and Highway 99, allowing for quick
and convenient access to two major distribution travel
routes. Through the Scriber Creek Trail, the asset is a
sub-10-minute walk from the recently completed Link
Light Rail station.
The property is currently home to one tenant that
accounts for just under 60% of the RBA. The tenant has
a lease through December, 2025, with one 1-year option
to extend, offering a near-term value-add opportunity, or
ample time for a new owner-user to coordinate a move
into the facility. Lynnwood has benefited from consistent
industrial rent growth over the past decade and is home to
an abundance of multifamily and commercial development
in the coming years.
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