1050 State Ave Marysville, WA 98270 – Hereth Building

Hereth Building (Status: Pending) 3750000

1050, State Ave, Marysville, WA  98270

This family owned building, in Marysville on State Avenue, is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat and coffee stand. The building has a sprinkler system, paved parking lot with over 105 parking spaces and is in a PRIME Location. Just 5 minutes to I-5 for commuting and for ease of access for tenants’ customers. This is your opportunity to own prime real estate with Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 9.6% and annual rent increases built in. Seller will carry a contract: 25% down, 30 year amortization, 5 year cash out and 5% interest. Ideal for an investor with an eye for the future.

Listing Details

Asset Class: Retail,Office
Year Built: 1963
Building Total Square Feet: 27546
Available Lease Space Square Feet: 26676
Number of Floors: 2
Total Parking Spaces: 60
Local Zoning Information: DC

Listing Courtesy of: Windermere R.E./J.S.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.