Listed by Ayers Commercial Group Jeff Ayers
Bought with ZNonMember-Office-MLS
Bought with ZNonMember-Office-MLS
$5,775,000
$6,000,000 3.8%
Est. payment /mo
1.67 Acres Lot
Sold on 09/30/2025
875 Wesley ST #1 Arlington, WA 98223
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Key Details
Sold Price $5,775,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Arlington
MLS Listing ID 2293299
Style 73 - Office
Year Built 1991
Lot Size 1.670 Acres
Property Sub-Type Commercial Industrial
Property Description
Located adjacent to the Skagit Regional Health campus and Cascade Valley Hospital, the Whitehorse Medical Center is a multi-tenant medical office condo anchored by Skagit Regional Health and Western Washington Medical Group. Ideal opportunity for: 1. Value-add investment. Strong rent roll, with rental rates on occupied spaces averaging $29.36/SF, NNN. High historical occupancy, but pricing based on current 87% occupancy, provides an investor with stable cash flow with upside. 2. Owner-occupied medical group. With only 5,152 square feet leased on a long-term lease, the property provides a new owner with the opportunity to purchase a high-quality medical building, at well below replacement cost, and occupy space as leases expire.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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