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1st Floor - Unit A
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Medical Office
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2,177 SF
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$925,000 USD
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Unit Size: 2,177 SF
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Condo Use: Medical Office
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Price: $925,000 USD
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Sale Type: Investment
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Price/SF: $424.90 USD
Description
Price Reduced! Rare Greenlake investment property. Ground-floor commercial condo, fully leased through April, 2028. Direct access from 5th Ave NE. Central location with quick and easy access to I-5 and Hwy 99. Built out as medical treatment facility with reception area, numerous treatment rooms, two conference rooms, bathroom (with shower), coffee/laundry room, office, and storage room. Completely ADA compliant. Two covered client parking spots plus one spot in the underground parking garage. Near thriving commercial district. CAP rate will increase each year through remainder of lease.
Sale Notes
Fully leased through April 2028, with option for 5 year extension. CAP 4.77% (will increase Y/Y over remaining 3 years of lease). Please do not disturb tenant or interfere with their business. All tours to be conducted with listing broker present.
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Janet Irons
Windermere Real Estate Co.
