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1600 Continental Place

Mount Vernon, WA 98273
  • $3,500,000
  • STATUS: Active
  • ON SITE: 186 days
  • ID#: 1722819
UPDATED: 186 min ago
$3,500,000
  • 0
    BEDS
  • 0.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2005
County:
Area:

School Ratings & Info

Listing Courtesy of Windermere Re Anacortes Prop..

Description

Great Investment Property on approximately 1 acre of land. Building is approximately 12,400 sq. ft. with 5 separate units but they are not condominiums. Units 101 thru 104 are leased and Unit 105 is vacant but available for lease. Units 101, 102 & 104 lease is with Rosario Skin Clinic and the lease goes to 12-31/2031. Unit 103 is Cascade Facial and their lease goes to 2024 with one 5 year extension remaining. Leases are NNN with income and expense in the supplemental pages. Both leases have 3% annual increases. Unable to show without a mutually agreed upon P & S Agreement.

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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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-04T00:14:52.997.

www.nwhomeexperts.com/homes/113742604
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1600 Continental Place Mount Vernon, WA 98273

  • Price: $3,500,000
  • Status: Active
  • Updated: 186 min ago
  • ID#: 1722819
0
Beds
0
Baths
0
½ Baths
0.93
Acres
2005
Built
Neighborhood:
College
County:
Skagit
Area:
Mount Vernon
Property Description
Great Investment Property on approximately 1 acre of land. Building is approximately 12,400 sq. ft. with 5 separate units but they are not condominiums. Units 101 thru 104 are leased and Unit 105 is vacant but available for lease. Units 101, 102 & 104 lease is with Rosario Skin Clinic and the lease goes to 12-31/2031. Unit 103 is Cascade Facial and their lease goes to 2024 with one 5 year extension remaining. Leases are NNN with income and expense in the supplemental pages. Both leases have 3% annual increases. Unable to show without a mutually agreed upon P & S Agreement.
Exterior Features

Carport YN No Covered Spaces 0 Exterior Features StoneWood Products Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof CompositionMetal Site Frontage 135 Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

Interior Features

Fireplace YN No Flooring Ceramic TileLaminateCarpet Furnished Unfurnished Heating Cooling Type 90%+ High Efficiency Heating YN Yes Interior Features Ceramic TileWall To Wall Carpet

Property Features

Building Features Disabled Access Electric On Property YN No First Right Of Refusal False Green Energy Efficient 90%+ High Efficiency Gross Adjusted Income 194198 Gross Scheduled Income 194198 Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 34 Net Operating Income 194198 Possible Use CommercialOffice Power Production Type ElectricNatural Gas Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 42468 Tax Year 2021 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Zoning Class CommercialOffice Zoning Jurisdiction City

Listing information © 2021 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 NW Home Experts 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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-04T00:14:52.997.

 
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NW Home Experts
2211 Elliott Avenue Suite 200
Seattle WA, 98121
Listing Courtesy of Windermere Re Anacortes Prop..