110 Laventure Rd Mount Vernon, WA 98273-3901
- Office buildings
- 1,505 SF
- 0.11 lot acres
Current Use by Public Records
- Tawny Bridge Pope / Physician
- Nicholas Chamley / Physician
- Rachel A. Tangaro, MD / Pediatrician / Physician
- Erin Collins Davidson, ARNP / Pediatrician / Physician
- Davis Hackman / Physician
Property Details for 110 Laventure Rd
- Year built
- 1983
- Lot size
- 0.11 lot acres
- Property size
- 1,505 SF
- Property type
- Office buildings
- APN
- 4416-000-001-0009
- APU
- 44160000010009
Description
This exceptional investment opportunity presents a 3,010 square foot, Class B office building situated on a 0.21-acre corner lot at the controlled intersection of Division Street and LaVenture Road in Mount Vernon, Washington. The property, identified by APN numbers P81927 and P81926, boasts a 100% occupancy rate with a single tenant, RET Physical Therapy, a division of Confluent Health, under a NNN lease expiring August 31, 2027 (approximately 2.8 years remaining). The lease includes 3% annual rent bumps, providing consistent income growth. The building, constructed in 1980, features two units across one story and is zoned P-O (Professional Office), ideally located near the Skagit County medical community. The current Net Operating Income (NOI) is $95,000, yielding an attractive 8.26% cap rate. The asking price is $1,150,000, translating to $382.06 per square foot. The lease includes two five-year renewal options. All information is deemed reliable but not guaranteed
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.313
- Latitude
- 48.4211
- CBSA code
- 34580
- CBSA name
- MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
