Warehouse
Everett MJM Building
3202 McDougall Ave, Everett, WA 98201
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the sale offering for the MJM Building, a fully leased multi-tenant industrial property located in the heart of Everett, WA. The asset is anchored by JMC Cabinets and WW Wells Millwork. The anchor tenants comprise 89.6% of the square footage and have each occupied their spaces for 30+ years. Additionally, each of the tenants has agreed to an accelerated rental increase structure that will see their rents increase 37% over the next 4 years.
The property spans 8 suites across 43,334 SF, and is 100% occupied by 5 tenants and provides immediate and predictable in-place cash flow. The building’s divisible layout accommodates a variety of industrial users, while below-market rents and staggered lease expirations across the smaller suites provide a significant value-add opportunity.
Everett MJM Building
Investment Highlights
- FULLY LEASED: The Offering is 100% occupied by 5 tenants, delivering immediate in-place cash flow.
- EXCEPTIONAL HISTORICAL OCCUPANCY: A majority of the tenants have been in place for over a decade, with anchor tenants each occupying the property for more than 30 years.
- SIGNIFICANT RENTAL INCREASES: The Offering's anchor tenants have inplace rental increases averaging nearly 12% annually over the next four years.
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- FULLY LEASED: The Offering is 100% occupied by 5 tenants, delivering immediate in-place cash flow.
- EXCEPTIONAL HISTORICAL OCCUPANCY: A majority of the tenants have been in place for over a decade, with anchor tenants each occupying the property for more than 30 years.
- SIGNIFICANT RENTAL INCREASES: The Offering's anchor tenants have inplace rental increases averaging nearly 12% annually over the next four years.
Investment Overview
Marcus & Millichap is pleased to present the sale offering for the MJM Building, a fully leased multi-tenant industrial property located in the heart of Everett, WA. The asset is anchored by JMC Cabinets and WW Wells Millwork. The anchor tenants comprise 89.6% of the square footage and have each occupied their spaces for 30+ years. Additionally, each of the tenants has agreed to an accelerated rental increase structure that will see their rents increase 37% over the next 4 years. The property spans 8 suites across 43,334 SF, and is 100% occupied by 5 tenants and provides immediate and predictable in-place cash flow. The building’s divisible layout accommodates a variety of industrial users, while below-market rents and staggered lease expirations across the smaller suites provide a significant value-add opportunity.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
