General Industrial Distribution
20404 & 20405 69th Ave NE Arlington, WA 98223
20404 & 20405 69th Ave NE, Arlington, WA, 98223
$2,950,000
For Sale
$2,950,000
Fully leased 12,888 SF industrial distribution facility with clear-span structure, cranes, and fenced yard.
Property Size12,888 SF
Lot Size2.19 Acres
Price / SF$228.90
Days on Market69
Property Features for 20404 & 20405 69th Ave NE
General Information
- Standard status
- Active
- Size
- 12,888 SF
- Lot size
- 2.19 Acres
- Property subtype
- Industrial
Listing agency
NAI Puget Sound Properties
(425) 652-1722
Listed by
Blake Stedman · License #WA2495
(425) 652-1722
Source
Nai-psp
Added: May 14 Updated: Jul 21 at 1:28AM Checked: Jul 21 at 5:34AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This general industrial facility is built with a clear-span structure and supports heavy industrial operations. The property includes 12,888 SF total building area with 1,888 SF of office space, built in phases (1978 and 1991). Available functional features include 20’ clear height, 7 grade-level doors, heated MAU space with dual exhaust vent stacks, three overhead cranes, and 3-phase heavy power. The site also offers a fenced lot and yard along with ample parking and loading space.
Located on a corner along 67th Ave NE and 204th St SE on the northern border of the City of Arlington, the property provides easy access to both I-5 and Hwy 9. The property is 2 miles from Arlington Airport (AWO). The building is currently fully leased, with an expiration date of 2/29/2028.
Zoned General Industrial (GI), the facility is positioned for heavy manufacturing and industrial distribution use, supported by the surrounding industrial ecosystem in the Arlington area.
Located on a corner along 67th Ave NE and 204th St SE on the northern border of the City of Arlington, the property provides easy access to both I-5 and Hwy 9. The property is 2 miles from Arlington Airport (AWO). The building is currently fully leased, with an expiration date of 2/29/2028.
Zoned General Industrial (GI), the facility is positioned for heavy manufacturing and industrial distribution use, supported by the surrounding industrial ecosystem in the Arlington area.
Key Highlights
- Fully leased 12,888 SF industrial distribution facility on a 2.19‑acre lot, with lease expiration 2/29/2028.
- General Industrial (GI) zoning with a clear span structure and 20' clear height.
- Improved for logistics and manufacturing: 7 grade level doors, 3 overhead cranes, and 3‑phase heavy power.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.7k | $15.96 |
| − Vacancy | −$14.0k | −$1.09 |
| EGI | $191.7k | $14.87 |
| − OpEx | −$28.8k | −$2.23 |
| NOI | $162.9k | $12.64 |
12,888 SF · lease $15.96/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $162,950 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$1.79M
$1.56M – $2.09M
NOI $125,175 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,597 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Fully leased 12,888 SF industrial distribution facility with clear-span structure, cranes, and fenced yard.
Where is this manufacturing property located?
The property is located at 20404 & 20405 69th Ave NE Arlington, WA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully leased 12,888 SF industrial distribution facility on a 2.19‑acre lot, with lease expiration 2/29/2028.; General Industrial (GI) zoning with a clear span structure and 20' clear height.; Improved for logistics and manufacturing: 7 grade level doors, 3 overhead cranes, and 3‑phase heavy power.
