15815 25Th AveLynnwood, WA 98087

Property Details for 15815 25Th Ave

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

5.85 AC

Property size (Sq ft)

88,854 SF

Zone code

S1

Property type

Office properties

Property subtype

Office buildings

APN

27040200304000

APU

27040200304000

Description

This exceptional Lynnwood, WA property, Northpointe Corporate Center, offers a unique investment opportunity. Located at 15815 25th Ave W, 98087, this prime location boasts two Class A buildings totaling 225,000 square feet, situated on 2.82 acres of land (with potential expansion up to 5.85 acres). The property is zoned BP (Business Park) in Snohomish County and is conveniently located near the cross street of 164th. The buildings, constructed in 2007, feature two stories each and offer flexible space options, ranging from a minimum divisible space of 17,500 square feet to a maximum contiguous space of 225,000 square feet, ideal for a variety of businesses. Currently, the entire 225,000 square feet is vacant, presenting a rare opportunity for a large-scale tenant or a portfolio of smaller tenants. Ample parking is available with 723 spaces, and elevators are provided for convenient access. The property's diverse subtype designations—Traditional Office, Executive Office, Medical Office, Creative Office, Flex, R&D, Commercial, and Industrial—cater to a wide range of business needs. This is a truly versatile property in the Lynnwood submarket, offering significant potential for growth and development.

• CAP approach

  CAP return

  Valuation

  6%

  $23,967,016

  6.5%

  $22,123,400

  7%

  $20,543,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,009,242

  Geo Method

  $17,111,504

• Alternative Use

  Use

  Valuation

  Residential

  $27,433,016

  Hospitality

  $25,128,494

  Educational

  $20,906,612

  Medical

  $21,625,622

  Retail

  $32,521,396

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8549

Longitude

-122.268

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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