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34508972
34508973

909 SE Everett Mall Way, Everett, WA 98208 For Sale

DB
WA WA 78883
Orion Commercial Partners
Orion Commercial Partners
Listed by Orion Commercial Partners
$14,375,000
3 days on market
Updated 2 days ago

909 Business Center

Details
APN 280518-003-004-00
Property Type Retail, Office (+1)
Sub Type Flex, Shopping Center
Square Footage 79,139
Cap Rate 7.30%
Occupancy 95%
Tenancy Multi
Price per SqFt $182
Class B
Year Built 1980
Buildings 5
Acreage 4.920
Parking Spaces 231 spaces
Parking per 1,000 SqFt 2.92
Investment Type Stabilized
Ground Lease No

​95% Leased Five-Building Commercial Campus: Retail, Flex & Office

Marketing description

ORION Commercial Partners is pleased to present 909 Business Center, a well-diversified, five-building complex located at 909 SE Everett Mall Way in Everett, Washington. This offering represents the first time the asset has been available for sale in 22 years. Positioned just off Interstate 5, 909 Business Center features a balanced mix of retail, flex, and office tenants, with no single user occupying more than 10% of the net rentable area. The property benefits from significant upside potential, driven by predominantly under-market rents and high tenant demand for smaller suite sizes. With 35 tenants, the asset offers a highly mitigated risk profile and stable, diversified income.

The center's proximity to major national retailers—including Walmart, Regal Cinemas, Target, and numerous surrounding amenities—enhances its visibility and leasing appeal, supporting strong tenant retention and ongoing demand.

While the broader Seattle/Tacoma market remains healthy across retail, office, and flex—with vacancy near 4% and limited new supply—Everett continues to outperform. Stronger tenant demand, tighter inventory, and faster leasing velocity make Everett one of the region's most resilient and landlord-advantaged submarkets.

Investment highlights

  • 95% Leased Five-Building Commercial Campus
  • Features a balanced mix of retail, flex, and office tenants, with no single user occupying more than 10% of the net rentable area.
  • Benefits from significant upside potential, driven by predominantly under‑market rents and high tenant demand for smaller suite sizes.
  • First time the asset has been available for sale in 22 years.
  • High visibility, prime SE Everett Mall Way corridor location
  • Proximity to major national retailers—including Walmart, Regal Cinemas, Target, and numerous surrounding amenities

Listing Contacts

DB
WA WA 78883
Orion Commercial Partners
Orion Commercial Partners
Listed by Orion Commercial Partners

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Additional Information

Name
David Butler
License
WA 78883
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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