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700 Murdock St 4,903 SF 100% Leased Office Building Sedro Woolley, WA 98284 $978,500 ($199.57/SF) 7.30% Cap Rate
EXECUTIVE SUMMARY
Excellent investment opportunity in downtown Sedro-Woolley, WA. This well-located medical practice property offers a strong 7.3% cap rate with an established tenant base and a potential sale-leaseback opportunity. Situated on a highly visible corner lot fronting two streets, the property benefits from excellent exposure and abundant street parking for patients and clients.
The building is served by city utilities, natural gas, and electric, and features a beautifully finished interior tailored for medical use. Tenants have long-standing, established clientele, providing stability and reliable income. The downtown location offers convenient access to surrounding services, retail, and amenities, further enhancing tenant appeal.
This property presents an ideal opportunity for investors seeking a stable medical asset with solid returns in a growing Skagit County market.
The building is served by city utilities, natural gas, and electric, and features a beautifully finished interior tailored for medical use. Tenants have long-standing, established clientele, providing stability and reliable income. The downtown location offers convenient access to surrounding services, retail, and amenities, further enhancing tenant appeal.
This property presents an ideal opportunity for investors seeking a stable medical asset with solid returns in a growing Skagit County market.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
4,903 SF
Building Class
C
Year Built
1954
Price
$978,500
Price Per SF
$199.57
Cap Rate
7.30%
NOI
$71,431
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,903 SF
Building FAR
0.54
Lot Size
0.21 AC
Opportunity Zone
Yes
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
- -
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | - |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | P77472 | Improvements Assessment | $474,100 |
| Land Assessment | $372,000 | Total Assessment | $846,100 |
PROPERTY TAXES
Parcel Number
P77472
Land Assessment
$372,000
Improvements Assessment
$474,100
Total Assessment
$846,100
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700 Murdock St
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