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1048-1052 State Ave
Marysville, WA 98270

$3,750,000 USD

Storefront For Sale • 27,546 SF

Property Details

Property Type Storefront
Total Building Size 27,546 SF
Lot Size 2.13 AC
Building Class B
Year Built 1963
Cap Rate 8.61 %
Tenancy Multiple
Zoning Commercial Industrial

38 Transit Score

75 Walk Score

                
                    Highlights
                
                                Prime real estate in Downtown Commercial Zoning in fast growing Marysville - close to I-5 for commuting and for ease of access
                            
                                Building fully occupied with CAP rate of 7.17% and built in 3% increases annually for every lease

Financial Summary (Actual)

Net Operating Income: $283,722 USD (2023)

Cap Rate:	8.61 %
Total Expenses:	$43,157 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Lizzys Jewelry & Marysville Pawn	6,932 SF	2/28/2027
Marysville Laundry Station	4,000 SF	12/31/2033
PA Fitness	15,600 SF	3/30/2024

Amenities

Bus Line
Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Everett Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	12 min	-	7.0 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	23 min	-	15.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	105
Type:	Surface
Included in Rent:	Yes

Debbie Barger Smith 425-356-9177 Windermere Real Estate - Marysville

1048-1052 State Ave Marysville, WA 98270