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6001 36th Ave W 319,148 SF Flex Building Everett, WA 98203 $55,000,000 ($172.33/SF) 5.87% Cap Rate
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to offer for sale the Boeing ESRC Building (“The Property”), a 44.8-acre industrial-zoned future redevelopment opportunity on one of the largest and most strategically located sites in Everett, WA. Situated near Boeing’s Everett Plant, the Property consists of approximately 319,148 square feet of office and flex space, fully leased to an investment-grade credit tenant, The Boeing Company (NYSE: BA). Investors and developers can evaluate this unique opportunity to acquire and control a critical mass of last mile Pacific Northwest real estate, either as a long-term investment or as a future redevelopment play. The Property is being offered on an “as-is” basis for the fee simple interest in the building and the land.
PROPERTY FACTS Under Contract
| Price | $55,000,000 | Rentable Building Area | 319,148 SF |
| Price Per SF | $172.33 | No. Stories | 2 |
| Sale Type | Investment NNN | Year Built | 1990 |
| Cap Rate | 5.87% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 2.79/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 16’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 44.79 AC | ||
| Zoning | LI-2 - Light Industrial | ||
| Price | $55,000,000 |
| Price Per SF | $172.33 |
| Sale Type | Investment NNN |
| Cap Rate | 5.87% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 44.79 AC |
| Rentable Building Area | 319,148 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 2.79/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | LI-2 - Light Industrial |
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PROPERTY TAXES
| Parcel Number | 280403-001-002-00 | Improvements Assessment | $37,393,500 |
| Land Assessment | $17,712,700 | Total Assessment | $55,106,200 |
PROPERTY TAXES
Parcel Number
280403-001-002-00
Land Assessment
$17,712,700
Improvements Assessment
$37,393,500
Total Assessment
$55,106,200
CONTACTS
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Jeffrey Cole -
Patrick Mutzel -
Nico Napolitano -
Kristen Schottmiller -
Cushman & Wakefield
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6001 36th Ave W
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