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The Baker Building 2815 Baker Ave 45,500 SF 100% Leased Flex Building Everett, WA 98201 $5,100,000 ($112.09/SF) 7.76% Cap Rate

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INVESTMENT HIGHLIGHTS

Central Location
Heavy Power
24-Hr Air Replacement

Recent Capital Improvements
2 Freight Elevators

EXECUTIVE SUMMARY

The Baker Building, a rare flex property offering an Owner/User opportunity. The building consists of office, retail and warehouse space which houses a mix of tenants. Multiple capital improvements recently completed. Located close to main arterials and within an Opportunity Zone. Sale includes a recently improved parking lot to the west.
*Broker to verify commission with Listing Agent when submitting an offer.

Everett, The Baker Building Sale Brochure v.2

PROPERTY FACTS

Price	$5,100,000	Rentable Building Area	45,500 SF
Price Per SF	$112.09	No. Stories	2
Sale Type	Investment or Owner User	Year Built/Renovated	1905/2023
Cap Rate	7.76%	Parking Ratio	0.99/1,000 SF
Property Type	Flex	Clear Ceiling Height	12’
Property Subtype	Light Manufacturing General Retail Storefront Retail/Office Industrial Distribution Industrial Warehouse	No. Dock-High Doors/Loading	2
Building Class	C	No. Drive In / Grade-Level Doors	2
Lot Size	0.50 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU, Everett - Mixed Urban

Price	$5,100,000
Price Per SF	$112.09
Sale Type	Investment or Owner User
Cap Rate	7.76%
Property Type	Flex
Property Subtype	Light Manufacturing General Retail Storefront Retail/Office Industrial Distribution Industrial Warehouse
Building Class	C
Lot Size	0.50 AC
Rentable Building Area	45,500 SF
No. Stories	2
Year Built/Renovated	1905/2023
Parking Ratio	0.99/1,000 SF
Clear Ceiling Height	12’
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU, Everett - Mixed Urban