875 Wesley Street Unit #1, Arlington, WA 98223
- $5,775,000
Listing courtesy of Ayers Commercial Group. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $5,775,000
- List Price
- $6,000,000
- Status
- SOLD
- MLS#
- 2293299
- Closing Date
- Sep 30, 2025
- Days on Market
- 262
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.
Additional Information
- Community
- Arlington
- Style
- 73 - Office
- Year Built
- 1991
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- Use GPS
- Other Expenses
- 196385
- Net Operating Income
- $324,728
- Gross Adjusted Income
- $546,881
- Cap Rate
- 5.84
- Total Expenses
- $196,385
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