Triple-Net Sale-Leaseback Office-Industrial
For Sale
Contact for pricing
Pending
1215 Anderson Road, Mount Vernon, WA 98274
Sale-leaseback portfolio of 63 single-tenant office and industrial properties on proposed absolute triple-net leases.
Property SizeContact for details
Days on Market148
Property Features for 1215 Anderson Road
General Information
Standard status
Pending
Property subtype
Office, Industrial
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Sep 3 at 7:52AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
The Boulder Group is exclusively marketing a sale-leaseback portfolio of sixty-three single-tenant, net-leased Adams Publishing Group properties. The portfolio totals 1,085,308 square feet and includes a proposed annual net operating income of $6,256,149. The proposed leases are absolute triple net with zero landlord responsibilities. Lease structure includes an initial 20-year primary term, 1% annual rental escalations, and four 5-year renewal options.
Ownership will provide credit enhancement to the Adams Publishing Group lease. Upon closing, the primary investor in Adams Publishing Group, with a significant net worth, is described as providing a personal guarantee of approximately $30 million, which is noted as being equivalent to approximately 5 years of lease rental payments and around 50% of the total appraised resale value of the real estate.
Adams Publishing Group is a family-owned community newspaper company started in 2013, publishing and distributing newspapers, magazines, websites, and free distribution shoppers across twenty states and more than 100 daily and non-daily newspapers and publications. The company also operates its own printing plants, including 17 press lines, and reaches approximately 1,100,000 households. The portfolio is offered with an address of 1215 Anderson Road, Mt Vernon, WA 98274.
Ownership will provide credit enhancement to the Adams Publishing Group lease. Upon closing, the primary investor in Adams Publishing Group, with a significant net worth, is described as providing a personal guarantee of approximately $30 million, which is noted as being equivalent to approximately 5 years of lease rental payments and around 50% of the total appraised resale value of the real estate.
Adams Publishing Group is a family-owned community newspaper company started in 2013, publishing and distributing newspapers, magazines, websites, and free distribution shoppers across twenty states and more than 100 daily and non-daily newspapers and publications. The company also operates its own printing plants, including 17 press lines, and reaches approximately 1,100,000 households. The portfolio is offered with an address of 1215 Anderson Road, Mt Vernon, WA 98274.
Key Highlights
- Sale‑leaseback portfolio of 63 single‑tenant Adams Publishing Group office and industrial properties
- Total portfolio size: 1,085,308 SF with proposed annual net operating income of $6,256,149
- Proposed leases are absolute triple net with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 98274, WA
18,949
Population
7,868
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
143.1 sq mi
ZIP Area
132
Density / Sq Mi
$93,762
Median Household Income
$46,724
Median Earnings
$1,716
Median Rent
$492,400
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Sale-leaseback portfolio of 63 single-tenant office and industrial properties on proposed absolute triple-net leases.
Where is this office building located?
The property is located at 1215 Anderson Road Mount Vernon, WA.
What are key features of this property?
This property features: Sale‑leaseback portfolio of 63 single‑tenant Adams Publishing Group office and industrial properties; Total portfolio size: 1,085,308 SF with proposed annual net operating income of $6,256,149; Proposed leases are absolute triple net with zero landlord responsibilities
