Property Details

19628 144th Ave NE

Woodinville, WA 98072

$5,995,000

Available

CBA# 711075 courtesy of CBA Listing firm: Northmarq Commercial, LLC

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Industrial

Property Type

19,340

Bldg Sq Ft

Units

1986

Year Built

Property Overview

INVEST, OCCUPY, OR BOTH: THE VERSATILE Industrial PLAYWe are pleased to present the opportunity to acquire a 19,340 SF multi-tenant industrial business park located in the high demand Woodinville market. Currently 72.5% occupied across four well-proportioned suites, the property offers a rare “light-lift” value-add play or a premier owner-user headquarters with built-in debt coverage.The recent vacancy of Suite B (5,312 SF) provides an immediate opportunity for a buyer to either move their business into a high visibility location or lease the space at market rates in a submarket characterized by sub-2% vacancy. With three stable tenants already in place on NNN leases featuring 3%+ annual increases, the asset provides immediate cash flow while offering significant upside.Investment hig