7302 44th Avenue - Marysville, WA
7302 44th Avenue NE, Marysville, WA 98270
Gross SF: 15,100
Rentable SF: 15,100
Proforma Cap Rate: 9.28%
Lot Size: 37,897 SF
Year Built: 1977/1984
Highly functional property featuring small bay flexibility with ample roll up and service doors.
Very low current rent basis with tremendous near term rental upside.
Great drive-through access with ample on site and added street parking.
Excellent Pacific Northwest growth market location with limited supply of similar assets.
Diverse tenant mix with strong historical performance track record.
The Marysville submarket boasts a 3.5% vacancy rate for industrial
The Vara Group is pleased to present the sale offering for this well positioned light industrial / flex investment property in Marysville, WA. The 7302 44th property has maintained steady historical occupancy satisfying a growing demand for small
bay light manufacturing, small business and warehouse users. The highly functional building features easily divisible suites with ample roll up and service door access. A portion of the building capitalizes on the retail and service provider demand with great street frontage suite orientation. This asset has performed well for it’s passive ownership investors by providing solid and predictable cash flow from a diverse tenant mix. The in-fill location within one
of Washington’s most dynamic growth markets assures the savvy investor the opportunity to capitalize on the fast growing market rents, business migration to Seattle/Everett’s tertiary cities and the depth of tenant demand for similar spaces.