19401 40Th AveLynnwood, WA 98036

Property Details for 19401 40Th Ave

Year built

1989

Construction

CONCRETE

Lot size

2.92 AC

Property size (Sq ft)

58,488 SF

Zone code

42

Property type

Office properties

Property subtype

Office buildings

APN

372600401703

APU

372600401703

Description

The Lynnwood Corporate Center, a Class A office building located at 19401 40th Ave W, Lynnwood, WA 98036, offers exceptional office space in Snohomish County. This single, four-story building totals 73,073 square feet and features a variety of office configurations suitable for traditional office, medical office, and executive office uses, as well as professional and banking tenants. Multiple tenancies are available, with spaces ranging from a minimum of 498 square feet to a maximum contiguous space of 3,964 square feet. Currently, 4,462 square feet of space is vacant. The building boasts convenient access to both Interstate 5 and Interstate 405, placing it within easy reach of major transportation arteries. Its location is also less than a mile from the Lynnwood Transit Center and Alderwood Mall, providing employees and clients with convenient access to public transportation and retail amenities. Net-net-net lease terms include all utilities and janitorial services. This high-image corporate and medical facility presents a compelling opportunity for businesses seeking a well-located, modern, and efficient workspace in a thriving area. The building is situated in a prime location, offering excellent visibility and accessibility. The available spaces provide flexibility for businesses of various sizes and needs.

• CAP approach

  CAP return

  Valuation

  6%

  $15,776,249

  6.5%

  $14,562,691

  7%

  $13,522,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,778,788

  Geo Method

  $11,263,619

• Alternative Use

  Use

  Valuation

  Residential

  $18,057,738

  Hospitality

  $16,540,790

  Educational

  $13,761,743

  Medical

  $14,235,031

  Retail

  $21,407,156

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8229

Longitude

-122.286

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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