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31689502
31689503

20006 Cedar Valley Rd, Lynnwood, WA 98036

RV
WA 135292
Northmarq - Seattle
JM
WA 139009
Northmarq - Seattle
Listed by Northmarq - Seattle
$1,800,000
71 days on market
Updated 59 days ago

Cedar Valley Office Park - Building A

Details
APN 006084-003-001-04
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 7,816
Net Rentable (SqFt) 5,815
Units 14
Cap Rate 6.43%
NOI $115,767
Occupancy 100%
Tenancy Multi
Price per SqFt $230
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 1
Stories 2
Lot Size (SqFt) 70,567
Zoning PUD
Parking Spaces 28 spaces
Parking Per SqFt 3.58
Investment Type Value Add

Essential Service Professional Building Near the Heart of Lynnwood

Marketing description

Northmarq is pleased to present the opportunity to acquire Building A of the Cedar Valley Office Park, located just outside the Alderwood and City Center District in Lynnwood, WA. Building A is a 7,816 SF office building that caters to service-oriented tenants in professional and healthcare industries. The current tenants have short-term leases, offering a new investor a near-term value-add opportunity through improving rents and extending lease terms.

The Property sits on a 1.62 acre parcel encompassing the NW corner of Sprague’s Pond. The recently completed Lynnwood City Center Station of the Link Light Rail Expansion is located less than 0.5mi away, and is less than a 10-minute walk. The Property is in near proximity to Hwy 99 and I-5, offering convenient commuter access for tenants and clientele in nearby residential areas.

Investment highlights

  • NEAR-TERM VALUE-ADD POTENTIAL
  • SIGNIFICANT NEARBY DEVELOPMENT
  • WELL-LOCATED
  • HIGH-DEMAND EXECUTIVE SPACE
  • EXCELLENT DEMOGRAPHICS
  • ESSENTIAL SERVICE TENANT BASE

Listing Contacts

RV
WA 135292
Northmarq - Seattle
JM
WA 139009
Northmarq - Seattle
Listed by Northmarq - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,767.00
$9,647.25/mo

Valuation Metrics

0
DSCR
6.43%
Cap Rate
6.43%
ROI

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Additional Information

Name
RJ Vara
License
135292
Brokerage
Northmarq
Brokerage Phone
2068443505
Title
Real Estate Broker
Brokerage Address
130 Nickerson Street
Name
John Marks
License
139009
Brokerage
Northmarq
Brokerage Phone
425-299-8048
Title
Associate Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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