Cedar Valley Office Park - Building A
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
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