20816 44Th AveLynnwood, WA 98036

Property Details for 20816 44Th Ave

Year built

1990

Construction

TYPE NOT SPECIFIED

Lot size

3.33 AC

Property size (Sq ft)

59,200 SF

Zone code

42

Property type

Office buildings

APN

27042100405200

APU

27042100405200

Description

This exceptional investment opportunity presents a two-story, 59,219 square foot traditional office building located at 20816 44th Ave W, Lynnwood, WA 98036. The property, known as Northview Corporate Center Building C, sits on a 3.33-acre lot and features a multi-tenant occupancy with four credit-rated tenants under a NNN lease structure. The building offers ample parking with a ratio of 5 spaces per 1,000 square feet. This owner-user investment opportunity is priced at $13,800,000 and presents a value-add potential for the discerning investor. The property benefits from its strategic location in Lynnwood, a thriving urban center with easy access to a variety of amenities, including diverse dining, shopping, and entertainment options. Convenient access to public transportation, including bus routes and the new Link Light Rail, as well as major freeways (I-5 and I-405), further enhances its appeal. The property's APN is 27042100405200. There is no ground lease associated with this property. This is a single building offering a significant square footage in a highly desirable location. The building's prime location and strong tenant base make it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $15,968,300

  6.5%

  $14,739,969

  7%

  $13,687,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,995,218

  Geo Method

  $11,400,736

• Alternative Use

  Use

  Valuation

  Residential

  $18,277,562

  Hospitality

  $16,742,149

  Educational

  $13,929,271

  Medical

  $14,408,320

  Retail

  $21,667,754

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8099

Longitude

-122.297

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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