Manufacturing Building Near Boeing
For Sale
$5,950,000
13008 Beverly Park Rd, Mukilteo, WA 98275
Well-maintained manufacturing building near Boeing Everett and Paine Field.
Property Size25,100 SF
Price / SF$237.05
Days on Market616
Property Features for 13008 Beverly Park Rd
General Information
Standard status
Active
Size
25,100 SF
Building Details
Year Built
1996
Listing Agency:
COLDWELL BANKER COMMERCIAL DANFORTH
Listed By:
BOB FREDRICKSON, CCIM · License #8077
(206) 595-7232
Source:
Corcoran
Added: Feb 19, 2025
Changed: Mar 16
Last Checked: Oct 28 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER COMMERCIAL DANFORTH
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Investment Insights
Based on property information with market context.
This well-maintained manufacturing building is located in close proximity to Boeing Everett and Paine Field within the Aerospace Corridor. The property benefits from good access to surrounding freeways and highways. It features adequate parking and street access. The building is in excellent condition. The two office levels are serviced by a passenger elevator. The property has a size of 25100 square feet.
Key Highlights
- Prime location near Boeing Everett, Paine Field, and the Aerospace Corridor.
- Excellent condition and well‑maintained building.
- Good access to surrounding freeways and highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$447,065
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,941,300
$8.9M
Cap Rate 7%
$6,386,643
$6.4M
Cap Rate 9%
$4,967,389
$5.0M
Market Conditions
NOI Build-Up for 25,100 SF
Gross rent
$686.7K $27.36/SF
− Vacancy
−$90.6K −$3.61/SF
EGI
$596.1K $23.75/SF
− OpEx
−$149.0K −$5.94/SF
NOI
$447.1K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,941,300
Cap Rate 7%
$6,386,643
Cap Rate 9%
$4,967,389
Alternative Uses
Best Use
Office B
$6.39M
$5.59M – $7.45M
NOI $447,065 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$3.48M
$3.05M – $4.06M
NOI $243,784 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$7.00M
$6.12M – $8.17M
NOI $489,997 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 98275, WA
21,642
Population
8,492
Households
2.5
Avg Household Size
44
Median Age
55%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
2,965
Density / Sq Mi
$122,612
Median Household Income
$69,619
Median Earnings
$2,127
Median Rent
$830,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Well-maintained manufacturing building near Boeing Everett and Paine Field.
Where is this manufacturing property located?
The property is located at 13008 Beverly Park Rd Mukilteo, WA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime location near Boeing Everett, Paine Field, and the Aerospace Corridor.; Excellent condition and well‑maintained building.; Good access to surrounding freeways and highways.
