General Industrial Distribution
For Sale
$2,950,000
20404 & 20405 69th Ave NE, Arlington, WA 98223
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 Market160
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
Zoning
GI
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
7
Heavy Power
Yes
Building Details
Year Built
1978
Year Renovated
1991
Listing Agency:
NAI Puget Sound Properties
Listed By:
Blake Stedman · License #WA2495
(425) 652-1722
Source:
Nai-psp
Added: May 14
Changed: Oct 4
Last Checked: Oct 20 at 5:31PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,950
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,259,000
$3.3M
Cap Rate 7%
$2,327,857
$2.3M
Cap Rate 9%
$1,810,556
$1.8M
Market Conditions
NOI Build-Up for 12,888 SF
Gross rent
$205.7K $15.96/SF
− Vacancy
−$14.0K −$1.09/SF
EGI
$191.7K $14.87/SF
− OpEx
−$28.8K −$2.23/SF
NOI
$162.9K $12.64/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,259,000
Cap Rate 7%
$2,327,857
Cap Rate 9%
$1,810,556
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
7
Drive-in doors
100%
Occupancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 98223, WA
45,139
Population
18,224
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
316.2 sq mi
ZIP Area
143
Density / Sq Mi
$96,478
Median Household Income
$52,487
Median Earnings
$1,780
Median Rent
$556,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
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.
