Bothell Flex Space For
22214 20th Ave SE, Bothell, WA 98021
37,978 SF flex space with warehouse and office components.
Type:Commercial
Property size:
37,978 SFLot size:
2.38 AcresPrice / SF:
$336/SF- Added:
- Mar 30, 2026
- Days on Market:
- 63
- Last Refresh:
- Mar 30 at 8:05 pm
Property Features for 22214 20th Ave SE
General Information
- Standard status
- Active
- Size
- 37,978 SF
- Lot size
- 2.38 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agent TYLER SLONE
Listing office BRODERICK GROUP, INC.
Listing date Mar 30, 2026
Source Corcoran
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 BRODERICK GROUP, INC.
HighLights
- Sale‑lease back through August 2028
- Approximately 37,978 SF total space with 21,983 SF warehouse and 10,585 SF office
- Six dock‑high loading doors for efficient operations
- Warehouse clear height: Approx. 24’ 6” – 26’
- Power: Approx. 600 Amps 480V / 208 V 3 Phase
- Situated on a 2.38 acre lot
Overview
This commercial property features a total of approximately 37,978 square feet, incorporating a 21,983-square-foot warehouse and 10,585 square feet of office space, along with 5,410 square feet of second-floor storage, situated on a 2.38-acre lot. The warehouse area offers a clear height ranging from approximately 24 feet 6 inches to 26 feet. It is equipped with approximately 600 amps of 480V / 208 V 3-phase power. Loading is facilitated by two grade-level doors and six dock-high loading doors. The property is subject to a sale-leaseback agreement through August 2028.
Local Financial Insights For Office B
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 | $1.04M | $27.36 |
| − Vacancy | −$137.2k | −$3.61 |
| EGI | $901.9k | $23.75 |
| − OpEx | −$225.5k | −$5.94 |
| NOI | $676.4k | $17.81 |
37,978 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.66M
$8.46M – $11.27M
NOI $676,440 @ 7.0% cap · market cap 5.30%
Second Best
Warehouse
$6.86M
$6.00M – $8.00M
NOI $480,175 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$10.59M
$9.27M – $12.36M
NOI $741,399 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bothell Gymnastics Club
Gym & Fitness Center
Jadas Agricultural organization
Agricultural Organization
Similar Places Nearby
- Menchie's Frozen Yogurt — 21225 Bothell Everett Hwy Ste 102, Bothell, WA 98021
Location Insight
- Map
- Local Demand
- City
- Bothell
- County
- Snohomish
- State
- Washington
- Longitude
- -122.2051372
- Latitude
- 47.796182
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 37,978 SF flex space with warehouse and office components.
Where is this flex space located?
The property is located at 22214 20th Ave SE Bothell, WA.
What is the asking price?
The asking price for this property is $12,775,000.
What are key features of this property?
This property features: Sale‑lease back through August 2028; Approximately 37,978 SF total space with 21,983 SF warehouse and 10,585 SF office; Six dock‑high loading doors for efficient operations
