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Two-Story Office Building
For Sale
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3204 Smokey Point Drive, Arlington, WA 98223

Two-story office building offered for sale, currently 85% occupied by nine tenants.

Property SizeContact for details
Days on Market122

Property Features for 3204 Smokey Point Drive

General Information

Standard status Active
Property subtype Office
Occupancy 85%

Additional Details

Highway Access Yes

Building Details

Stories 2
Tenancy Multi
Listing Agency: Kidder Mathews Seattle
Listed By: David Gellner · License #WA 112893
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 1:54PM

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 Kidder Mathews Seattle

Investment Insights

Based on property information with market context.

This two-story office building is high quality and currently 85% occupied by nine tenants. The offering presents potential for additional income through full NNN reimbursement billing to the extent permitted by the tenants’ leases, along with lease-up of available space.

The property is located in Smokey Point, with access supported by an adjacent transit center and nearby freeway on-off ramps. The surrounding trade area is described as having a dense number of employers, along with office and retail activity, contributing to demand in the area.

Key Highlights

  • Two‑story office building offered for sale in Smokey Point
  • Currently 85% occupied by nine tenants
  • Ninth‑tenant occupancy supports potential revenue through lease terms allowing full NNN reimbursements

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

85%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,294
Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building offered for sale, currently 85% occupied by nine tenants.
Where is this office building located?
The property is located at 3204 Smokey Point Drive Arlington, WA.
What are key features of this property?
This property features: Two‑story office building offered for sale in Smokey Point; Currently 85% occupied by nine tenants; Ninth‑tenant occupancy supports potential revenue through lease terms allowing full NNN reimbursements
(206) 296-9600 Call to check price and availability
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