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5116 196th St SW
Lynnwood, WA 98036
Glenview · Office Property For Sale
EXECUTIVE SUMMARY
Situated between Highway 99 and I-5 off 196th Street SW
Excellent visibility and proximity to Lynnwood Light Rail
Tenants in place with low vacancy
Value-add opportunity at below-market rates
3 per 1,000 parking ratio
10 units
Excellent visibility and proximity to Lynnwood Light Rail
Tenants in place with low vacancy
Value-add opportunity at below-market rates
3 per 1,000 parking ratio
10 units
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
18,670 SF
Building Class
C
Year Built
1969
Price
$3,200,000
Price Per SF
$171.40
Cap Rate
6.88%
NOI
$220,160
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,335 SF
Building FAR
0.44
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
PROPERTY TAXES
| Parcel Number | 006084-001-001-02 | Improvements Assessment | $955,700 |
| Land Assessment | $1,468,300 | Total Assessment | $2,424,000 |
PROPERTY TAXES
Parcel Number
006084-001-001-02
Land Assessment
$1,468,300
Improvements Assessment
$955,700
Total Assessment
$2,424,000
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