10120 269th NW Pl Stanwood, WA 98292-4736
Property profile & analytics
10120 269th NW Pl, Stanwood, WA 98292-4736
- Warehouses
- 194,176 SF
- 4.09 lot acres
Property ID
US90-1426384
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 10120 269th NW Pl
- Year built
- 1997
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.09 lot acres
- Zone code
- UE
- Property type
- Warehouses
- APN
- 32032400302500
- APU
- 32032400302500
Description
This exceptional 198,487-square-foot industrial property in Stanwood, Washington, presents a compelling sale-leaseback opportunity. Located at 10120 269th Pl NW, this facility boasts a 20-year absolute triple-net lease with a tenant occupying 100% of the space. The lease includes a 2.5% annual rent increase, ensuring consistent income growth. The property, built in 1997 and situated on 6.06 acres, includes seven loading docks and ceiling heights of up to 30 feet. Recent renovations totaling $15 million have modernized production lines, enhancing operational efficiency. The property's strategic location within the high-demand Everett-Seattle-Tacoma cold storage market provides significant long-term value. The sale price is $32,000,000, offering a strong 7.85% capitalization rate and a substantial net operating income (NOI) of $2,512,000. The lease features four, five-year renewal options, providing further security and flexibility. This is a rare opportunity to acquire a high-performing, mission-critical asset with a long-term, stable tenant and significant upside potential. The property's classification includes manufacturing, refrigerated/cold storage, and warehouse functionalities, making it suitable for a variety of uses within the food processing industry. The tenant's consolidation of operations into this facility underscores its importance to their business and the stability of the lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $420,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stanwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.373
- Latitude
- 48.2404
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$84,470
$544,500
$9,938,500
$10,483,000
-
$544,500
$9,938,500
$10,483,000
