2218 Cedardale Rd

    Mount Vernon, WA 98247
    • $2,334,000
    • STATUS: Pending Feasibility
    • ON SITE: 27 days
    • ID#: 1278849
    Under Contract
    UPDATED: 190 min ago
    $2,334,000
    • 0
      BEDS
    • 2.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1997
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    Straight 6% Cap Rate on Absolute Net Lease with 8 years remaining on a 10 year lease to a National Credit Tenant (United Site Services Inc.). 3% annual rent increases over the entire term of the lease and two 5 year options. The property is 2.5 acres graded, level, fenced and secured with I-5 visibility. The property is improved with a 10,250 SF steel building built in 1997 with a masonry office addition built in 2006. This is a strong long term asset.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-21T00:16:53.587.

    www.resg.com/homes/82863472

    2218 Cedardale Rd Mount Vernon, WA 98247

    • Price: $2,334,000
    • Status: Pending Feasibility
    • Updated: 190 min ago
    • ID#: 1278849
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.55
    Acres
    1997
    Built
    Neighborhood:
    Mount Vernon
    County:
    Skagit
    Area:
    Mount Vernon
    Property Description
    Straight 6% Cap Rate on Absolute Net Lease with 8 years remaining on a 10 year lease to a National Credit Tenant (United Site Services Inc.). 3% annual rent increases over the entire term of the lease and two 5 year options. The property is 2.5 acres graded, level, fenced and secured with I-5 visibility. The property is improved with a 10,250 SF steel building built in 1997 with a masonry office addition built in 2006. This is a strong long term asset.
    Exterior Features

    Exterior BrickMetal/Vinyl Foundation Slab Loading 7+ BaysGrade Lot Depth 0 Roof Metal Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 10250 Office Sq Ft 0 Total Sq Ft Rented 10250

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 6.00 Cap Rate Y Electrical Expenses 0 Environment Survey Y EPSEnergy 0 Form17 Not Provided General Zoning Classification Commercial Gross Adjusted Income 140039 Gross Rent Multiplier 17 Gross Scheduled Income 140039 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 140039 Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Service Amps 0 Sewer Sewer Connected Tax Amount 0 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 11670 Vacancy Rate 0 Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Real Estate Solutions Group - NWRE LLC and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-21T00:16:53.587.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Windermere Real Estate Whatcom.