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- LoopNet Team
1429 Broadway
Everett, WA 98201
Office Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Security System
- Signage
- Skylights
- Storage Space
- High Ceilings
- Natural Light
- Reception
- Recessed Lighting
- Hardwood Floors
ABOUT 1429 BROADWAY , EVERETT, WA 98201
Absolute Net Lease Investment provides 6% CAP rate w/Sale & Leaseback! New 10-Year lease to established naturopathic clinic on a high traffic corner near hospitals, state & community colleges, and other national retailers. Standalone, single-tenant building was fully renovated in 2018 for tenants use. Well finished w/multiple exam rooms, offices, reception, administrative & general purpose rooms. Net income of $72,000 in Year 1 with 8% rent increases every 2nd year of the initial lease term, and 3% annual increases during option periods. Tenant pays ALL expenses directly including repairs to roof, structure, foundation, parking lot, property taxes, insurance, and all utilities. Limited to no management needed! Great location within walking distance to Everett Community College, Washington State University Everett Campus, Providence Regional Medical Center, and within a few miles of Boeing, Port of Everett, Naval Station Everett and numerous other major area employers.
PROPERTY TAXES
| Parcel Number | 004754-287-015-00 | Improvements Assessment | $572,800 |
| Land Assessment | $472,800 | Total Assessment | $1,045,600 |
PROPERTY TAXES
