5625 48Th Dr NE Marysville, WA 98270
This exceptional multi-tenant industrial property in Marysville, WA, presents a compelling owner-user opportunity. Located at 5625 48th Drive NE, this 23,270 square foot building sits on a 1.22-acre lot and offers a blend of executive office and warehouse space, ideal for a variety of businesses. The property features four units, currently housing two tenants with leases expiring in 2025, presenting a significant upside for potential rental income. Unit A (7,008 SF) and Unit D (9,686 SF) are currently vacant, providing ample space for an owner-occupier. These units boast high ceilings (18' - 22'), clear-span warehouse areas, and excellent loading capabilities with five loading docks and one dock-high door. Additional features include approximately 25 parking spaces, a fenced 7,500 square foot yard, and a 2-ton crane in Unit D. The building, constructed in 1991, is zoned General Industrial (GI) and benefits from convenient access to I-5. The asking price is $3,550,000, translating to $152.56 per square foot. The existing tenants are currently paying below market rent, offering a substantial opportunity for increased revenue upon lease renewal. This property is a rare find, combining significant space, excellent location, and strong potential for both occupancy and rental income. The property's features make it suitable for a wide range of industrial and manufacturing uses.
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Fraser Bronze Foundry Inc Industrial Manufacturer Production Facility
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The Everett Clinic - Materials Management Office Association Or Organization
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Kinematics Marine Equipment, Inc. Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GI · Marysville, WAMarysville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.