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Building A 20006 Cedar Valley Rd 7,816 SF 100% Leased Office Building Lynnwood, WA 98036 $1,800,000 ($230.30/SF) 6.43% Cap Rate
Investment Highlights
- NEAR-TERM VALUE-ADD POTENTIAL
- SIGNIFICANT NEARBY DEVELOPMENT
- EXCELLENT DEMOGRAPHICS
- WELL-LOCATED
- HIGH-DEMAND EXECUTIVE SPACE
- ESSENTIAL SERVICE TENANT BASE
Executive Summary
Northmarq is pleased to present the opportunity to acquire Building A of the Cedar Valley Office Park, located just outside the Alderwood and City Center District in Lynnwood, WA. Building A is a 7,816 SF office building that caters to service-oriented tenants in professional and healthcare industries. The current tenants have short-term leases, offering a new investor a near-term value-add opportunity through improving rents and extending lease terms.
The Property sits on a 1.62 acre parcel encompassing the NW corner of Sprague’s Pond. The recently completed Lynnwood City Center Station of the Link Light Rail Expansion is located less than 0.5mi away, and is less than a 10-minute walk. The Property is in near proximity to Hwy 99 and I-5, offering convenient commuter access for tenants and clientele in nearby residential areas.
The Property sits on a 1.62 acre parcel encompassing the NW corner of Sprague’s Pond. The recently completed Lynnwood City Center Station of the Link Light Rail Expansion is located less than 0.5mi away, and is less than a 10-minute walk. The Property is in near proximity to Hwy 99 and I-5, offering convenient commuter access for tenants and clientele in nearby residential areas.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,816 SF
Building Class
C
Year Built
1961
Price
$1,800,000
Price Per SF
$230.30
Cap Rate
6.43%
NOI
$115,740
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,908 SF
Building FAR
0.11
Lot Size
1.62 AC
Opportunity Zone
Yes
Zoning
PUD
Parking
28 Spaces (3.58 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Finance and Insurance
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American Family Insurance began in 1927 when Herman Wittwer founded Farmers Mutual Automobile Insurance Company in Madison, Wisconsin. Initially serving farmers with auto insurance, the company expanded its offerings and customer base over the decades. By 1963, it became American Family Mutual Insurance Company, reflecting its broader market reach. Today, it provides homeowners, auto, life, business, and farm insurance through independent agents and online channels. The company operates in 19 states and has numerous subsidiaries that support its diverse insurance products and services.
- Dwight A. Thompson, LICSW
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- Far West Family Services
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- J. Rosenthal, Psy.D
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- Lynnwood Foot & Ankle Clinic
- Health Care and Social Assistance
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- Next Generation Technologies
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- Rehabilitation & Evaluation
- Educational Services
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- Secur Computing Llc
- Services
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - | ||
| Dwight A. Thompson, LICSW | - | - | - | - | ||
| Far West Family Services | - | - | - | - | ||
| J. Rosenthal, Psy.D | - | - | - | - | ||
| Lynnwood Foot & Ankle Clinic | Health Care and Social Assistance | - | - | - | ||
| Next Generation Technologies | - | - | - | - | ||
| Rehabilitation & Evaluation | Educational Services | - | - | - | ||
| Secur Computing Llc | Services | - | - | - |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 006084-003-001-04 | Improvements Assessment | $940,700 |
| Land Assessment | $1,113,300 | Total Assessment | $2,054,000 |
Property Taxes
Parcel Number
006084-003-001-04
Land Assessment
$1,113,300
Improvements Assessment
$940,700
Total Assessment
$2,054,000
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