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29295265
29295273

700 Murdock St, Sedro-Woolley, WA 98284

Dave Nelson Real Estate
Listed by Dave Nelson Real Estate
$978,500
138 days on market
Updated 23 days ago

Murdock St Sale Leaseback Opportunity

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,903
Net Rentable (SqFt) 4,903
Units 3
Cap Rate 7.25%
NOI $70,933
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $200
Year Built 1954
Lot Size (SqFt) 9,300
Parking Spaces 11 spaces
Parking Per SqFt 2.24
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback

Office | 7.25% CAP | 4,903 SqFt

Marketing description

Excellent investment opportunity in downtown Sedro-Woolley, WA. This well-located medical practice property offers a strong 7.3% cap rate with an established tenant base and a potential sale-leaseback opportunity. Situated on a highly visible corner lot fronting two streets, the property benefits from excellent exposure and abundant street parking for patients and clients.

The building is served by city utilities, natural gas, and electric, and features a beautifully finished interior tailored for medical use. Tenants have long-standing, established clientele, providing stability and reliable income. The downtown location offers convenient access to surrounding services, retail, and amenities, further enhancing tenant appeal.

This property presents an ideal opportunity for investors seeking a stable medical asset with solid returns in a growing Skagit County market.

Listing Contacts

Dave Nelson Real Estate
Listed by Dave Nelson Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,933.00
$5,911.08/mo

Valuation Metrics

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DSCR
7.25%
Cap Rate
7.25%
ROI

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