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4225 Hoyt Ave 12,711 SF 100% Leased Office Building Everett, WA 98203 $5,100,000 ($401.23/SF)
Investment Highlights
- 100% Leased
- Located within Everett’s thriving medical district near major healthcare providers.
- Convenient access to Broadway and Interstate 5 for ease of transportation.
Executive Summary
- 100% Occupied/Income-Producing Asset - Fully leased 12,433 SF medical office building with five healthcare tenants, plus two leased single-family residential homes providing stable cash flow.
- Recently Upzoned to UR7 - All three parcels allow urban residential development up to 7 stories.
- Assembled 1.54-Acre Development Site - The site containing (67,083 SF) is positioned for value-add or future redevelopment opportunity.
- Established Medical District - Located adjacent to Providence Regional Medical Center, Optum, and Kaiser Permanente with strong healthcare demand.
- Everett Location - Excellent I-5 corridor access in a growth market with significant nearby development activity including The Hub and 1.5M SF Waterfront Place.
- Recently Upzoned to UR7 - All three parcels allow urban residential development up to 7 stories.
- Assembled 1.54-Acre Development Site - The site containing (67,083 SF) is positioned for value-add or future redevelopment opportunity.
- Established Medical District - Located adjacent to Providence Regional Medical Center, Optum, and Kaiser Permanente with strong healthcare demand.
- Everett Location - Excellent I-5 corridor access in a growth market with significant nearby development activity including The Hub and 1.5M SF Waterfront Place.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,711 SF
Building Class
C
Year Built
1976
Price
$5,100,000
Price Per SF
$401.23
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,711 SF
Building FAR
0.19
Lot Size
1.54 AC
Zoning
UR7 - UR7 - Urban Residential (7 Floors) - City of Everett
Parking
94 Spaces (7.5 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,564,500 | |
| Land Assessment | $2,058,500 | Total Assessment | $4,623,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,058,500
Improvements Assessment
$2,564,500
Total Assessment
$4,623,000
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4225 Hoyt Ave
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