Commercial Real Estate in Everett, Washington is a sound investment opportunity for those looking to capitalize on the city's strong economy and growing population of approximately 110,000 residents. As a major employment center and bedroom community for Seattle, Everett offers a diverse range of commercial properties, including office spaces, retail centers, and industrial facilities. With its rich history in logging and industrial development, Everett has transitioned to become a hub for aerospace manufacturing, with Boeing's aircraft assembly plant at Paine Field being a significant contributor to the local economy. The city's proximity to Seattle, combined with its own unique amenities, infrastructure, and educational institutions, make it an attractive location for businesses and investors alike. For instance, the city is home to Providence Regional Medical Center Everett, a major healthcare facility, and Everett Community College, which provides a skilled workforce to local businesses. Additionally, the city's scenic waterfront, parks, and recreational amenities, such as Forest Park and Jetty Island, make it an appealing location for both residents and visitors.
With 15 Commercial Real Estate listings available in Everett, investors have a wide range of options to choose from. The average price per square foot for Commercial Real Estate in Everett is $488 USD, with an average size of 21,493 square feet. The largest property available is 91,544 square feet, offering ample space for businesses to grow and thrive. Industrial Properties in Everett offer a unique opportunity for businesses involved in manufacturing and logistics, with access to major transportation hubs like Paine Field and Interstate 5. Apartment Buildings in Everett provide a steady stream of income for investors, with a high demand for housing from the city's growing population. Office Properties in Everett are ideal for businesses looking to establish a presence in the city, with many options available in the downtown area. Hotels in Everett cater to the city's growing tourism industry, with attractions like the Future of Flight Aviation Center and the Imagine Children's Museum drawing in visitors from across the region. Overall, Commercial Real Estate in Everett offers a diverse range of investment opportunities, with something to suit every investor's needs and goals.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Everett, Washington, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide financing for small businesses and startups, with more lenient credit requirements and lower down payments;
- Private money lenders and hard money loans, which offer short-term, high-interest financing options for investors and developers, often with more flexible terms and faster approval processes.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Everett, Washington, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.97%, investors can gauge the property's income-generating potential, making it essential to understand what is a cap rate and how it impacts their investment decisions.
In Everett, where there are currently 15 available listings of commercial real estate, a thorough analysis of cap rates can help investors identify opportunities that align with their investment goals. To learn more about the importance of cap rates in commercial real estate investing, check out our article on what is a cap rate, which provides an in-depth explanation of this critical metric.
What is considered a commercial property?
In Everett, Washington, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which can be found in various neighborhoods and districts, including Bayside, Boulevard Bluffs, and Northwest Everett.
With 15 available listings of commercial real estate in Everett, investors and business owners can explore a range of options, from small office suites to large industrial complexes, with average prices per square foot of $488 USD, and average sizes ranging from 21,493 square feet to 91,544 square feet, offering opportunities for businesses to establish or expand their presence in the area.
