For Sale
$5,400,000

2815 Baker Ave Everett, WA 98201

Everett, WA Flex Space, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
137
This Everett, WA, multi-tenant property offers a compelling investment opportunity with a 7.33% cap rate and a strong NOI of $395,784. The 45,000 square foot building, constructed in 1905 and renovated in 2018, features 17 units across three stories, boasting a mix of office, retail, and warehouse space. The flexible layout includes 30,000 square feet of net rentable space, ideal for owner-occupancy. Amenities include four dock-high doors, a freight elevator, 7-12 foot ceiling heights, and 45 parking spaces across two lots. The property sits on a 0.5-acre lot with MU (Mixed Urban) zoning, providing excellent access to Interstate 5 and State Route 2. Recent capital improvements enhance its value, and its multiple loading and access points make it a rare find. The building currently houses a diverse tenant base, including art and photography companies. This prime location in Snohomish County, WA, within an Opportunity Zone, presents a unique chance to acquire a well-maintained, income-generating property with significant upside potential. The asking price is $5,400,000, with a price per square foot of $120. APN: 004378-658-006-00 & 004378-659-031-00.

Highlights

  • Ample parking with two lots.
  • Multiple roll-up doors for convenient loading and unloading.
  • Two ground-level loading docks.
  • Two freight elevators for efficient material handling.
  • Clear ceiling heights ranging from 7' to 12'.

Property Details for 2815 Baker Ave

Property type
Warehouses, Office properties
Square Feet
45,000 SF
Class
B
Year Built/Renovated
1905/2018
Buildings
1
Stories
3
Lot Size (sq. ft)
21,780 SF
Units
17

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.9798421
Longitude
-122.1954917

FAQs

What type of property is this?
Warehouse - Everett, WA Flex Space, High NOI
Where is the warehouse located?
The property is located at 2815 Baker Ave Everett, WA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Ample parking with two lots.; Multiple roll-up doors for convenient loading and unloading.; Two ground-level loading docks.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2815 Baker Ave
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