20816 44Th AveLynnwood, WA 98036

For Sale
$13,800,000

59,219 SF Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a two-story, 59,219 square foot traditional office building located at 20816 44th Ave W, Lynnwood, WA 98036. The property, known as Northview Corporate Center Building C, sits on a 3.33-acre lot and features a multi-tenant occupancy with four credit-rated tenants under a NNN lease structure. The building offers ample parking with a ratio of 5 spaces per 1,000 square feet. This owner-user investment opportunity is priced at $13,800,000 and presents a value-add potential for the discerning investor. The property benefits from its strategic location in Lynnwood, a thriving urban center with easy access to a variety of amenities, including diverse dining, shopping, and entertainment options. Convenient access to public transportation, including bus routes and the new Link Light Rail, as well as major freeways (I-5 and I-405), further enhances its appeal. The property's APN is 27042100405200. There is no ground lease associated with this property. This is a single building offering a significant square footage in a highly desirable location. The building's prime location and strong tenant base make it an attractive investment prospect.

Highlights

  • $13,800,000 asking price.
  • 59,219 square foot, two-story office building.
  • Located in Lynnwood, WA, at 20816 44th Ave W.
  • Multi-tenant building with four credit-rated tenants.
  • NNN lease type; 5 parking spaces per 1,000 square feet; 3.33-acre lot.

Property Details for 20816 44Th Ave

Property type
Other office properties, Office properties
Square Feet
59,219 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
145,055 SF

Location Insight

City
Lynnwood
County
Snohomish
State
Washington
Latitude
47.8098629
Longitude
-122.2969557
20816 44Th Ave, Lynnwood, Washington

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20816 44Th Ave
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