Bought with Windermere Real Estate/FN
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Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Interbay
MLS Listing ID 1733451
Sold Date 10/26/21
Style 60 - Comm Bldg Und 10K
Year Built 1989
Annual Tax Amount $12,712
Lot Size 0.265 Acres
Property Description
Excellent investment opportunity in Magnolia's Fisherman's Terminal area. The property is 100% occupied by an A-credit tenant, on a NNN lease with a 2015 base year for property taxes. The 5,964 SF building features 18 foot ceilings, 3-phase 480v power, metal roof, dock high and grade level loading doors, 3 private restrooms, large showroom and a small office area. The 11,565 SF lot is zoned IG2 U/65 has a fully fenced yard area and parking for multiple vehicles. Current lease is through 6/30/2024 and Tenant has one 5-year option to extend. Please don't disturb tenant.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Concrete, Wall to Wall Carpet
Flooring Concrete, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Sewer Connected
Roof Type Metal
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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