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    3220-3228 Mcdougall Ave Everett, WA 98201

    For Sale
    $6,750,000

    Multi-tenant industrial property in Everett, WA, 100% occupied.

    Property size:
    43,334 SF
    Lot size:
    1.10 Acres

    Property Features for 3220-3228 Mcdougall Ave

    General Information

    Size
    43,334 SF
    Lot size
    1.10 Acres

    Source: Marcus & Millichap, Inc. Agent Clayton Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Everett Industrial Property

    The MJM Building is a fully leased, multi-tenant industrial property located in Everett, WA. The property spans 43,334 square feet and is divided into 8 suites. It is currently 100% occupied by 5 tenants, providing in-place cash flow. Anchor tenants JMC Cabinets and WW Wells Millwork occupy 89.6% of the square footage and have been in place for over 30 years. The tenants have agreed to a rental increase structure that will increase rents by 37% over the next 4 years. The building's layout accommodates a variety of industrial users. The property offers a value-add opportunity.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2003405
    Latitude
    47.9746336

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    FAQs

    What type of property is this?
    Manufacturing property - Multi-tenant industrial property in Everett, WA, 100% occupied.
    Where is this manufacturing property located?
    The property is located at 3220-3228 Mcdougall Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: - Fully leased multi-tenant industrial property providing immediate and predictable in-place cash flow.; - **Anchor tenants (JMC Cabinets and WW Wells Millwork) comprise 89.6% of the square footage and have occupied their spaces for 30+ years.**; - Tenants have agreed to an accelerated rental increase structure, projecting a 37% rent increase over the next 4 years.
    (206) 826-5700
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    3220-3228 Mcdougall Ave Everett, WA 98201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3220-3228 Mcdougall Ave Everett, WA 98201
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