Investment Overview

Marcus & Millichap is pleased to present 20215 & 20217 Cedar Valley Road, an industrial offering in Lynnwood, WA comprised of two buildings totaling 28,738 RSF. The buildings sit on a 1.54-acre parcel, with ample parking and great maneuverability for distribution. The buildings were built in 1973, and feature clear-span warehouse space, high ceilings, and 10 grade-level doors ranging from 10 to 14 feet. The Property is well-positioned between Interstate-5 and Highway 99, allowing for quick and convenient access to two major distribution travel routes. Through the Scriber Creek Trail, the asset is a sub-10-minute walk from the recently completed Link Light Rail station. The property is currently home to one tenant that accounts for just under 60% of the RBA. The tenant has a lease through December, 2025, with one 1-year option to extend, offering a near-term value-add opportunity, or ample time for a new owner-user to coordinate a move into the facility. Lynnwood has benefited from consistent industrial rent growth over the past decade and is home to an abundance of multifamily and commercial development in the coming years.