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1355-1369 Pacific Dr 35,220 SF 100% Leased Industrial Building Burlington, WA 98233 $5,200,000 ($147.64/SF) 7.11% Cap Rate
EXECUTIVE SUMMARY
35,500 sq ft Industrial/manufacturing warehouse in Burlington situated in the four-county hub serving Skagit, Whatcom, Island, and Snohomish counties. Concrete tilt wall construction, 25’ clear height, ten 14’ grade doors, four cross docks with levelers, two 10’ grade doors, partial in-floor drains with warehouse skylights and side window daylighting. Huge power service includes 3,000 Amps 480 Volt 3-Phase and 1,600 Amps 208/110 Volt Single Phase. Easy I-5 north and southbound truck access with ample employee parking. 31,750 available sq ft configured with 27,200 sq ft of warehouse and 4,550 sq ft of office space. Excellent owner user opportunity or the investor looking for a long-term hold property. Adjacent 23,573 sq ft fully leased building, & separate 1.85-acre lot are also for sale.
PROPERTY FACTS
| Price | $5,200,000 | Lot Size | 0.25 AC |
| Price Per SF | $147.64 | Rentable Building Area | 35,220 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.11% | Year Built | 2000 |
| Property Type | Industrial | Clear Ceiling Height | 25’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 14 |
| Price | $5,200,000 |
| Price Per SF | $147.64 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.25 AC |
| Rentable Building Area | 35,220 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 14 |
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Tacoma Glass Manufacturing
- Manufacturing
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Tacoma Glass Manufacturing | Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | P62847 | Improvements Assessment | $2,608,700 |
| Land Assessment | $1,018,300 | Total Assessment | $3,627,000 |
PROPERTY TAXES
Parcel Number
P62847
Land Assessment
$1,018,300
Improvements Assessment
$2,608,700
Total Assessment
$3,627,000
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1355-1369 Pacific Dr
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