1600 Continental Place Unit #101+, Mount Vernon, WA 98274

$2,400,000

Listing courtesy of Windermere RE Anacortes Prop.. Selling Office: Windermere RE Anacortes Prop..

Sold Price
$2,400,000
List Price
$2,400,000
Status
SOLD
MLS#
1867180
Closing Date
Nov 24, 2021
Days on Market
22

Property Description

Medical Building with long term tenant. Rosario Skin Clinic, Unit 101, occupies 4,501 square feet of medical space along with Units 104 (storage) and Unit 105 (unfinished office space used as storage) for a total of 7,465 square feet. Lease goes until December 31, 2031 with 2 five year renewals. Owner just completed the condo process for the building. This is a replaces a previous listing that included the entire building. Tax ID is for the entire building since the condo recording for the separate units has not been posted by the Skagit County Assessor. Units 101, 104 & 105 reflect the units being sold in this listing.

Additional Information

Community
College
Building Condition
Very Good
Style
60 - Comm Bldg Und 10K
Year Built
2004
# of Assigned Spaces
22
Roof
Composition, Metal
Potential Terms
Cash Out, Conventional
Interior Features
High Efficiency - 90%+, Ceramic Tile, Laminate
Flooring
Ceramic Tile, Laminate
Driving Directions
College Way east to Continental Place, turn right and the building is on your left.
Heating/Cooling Type
90%+ High Efficiency
Energy Source
Electric, Natural Gas
Net Operating Income
$150,796
Gross Adjusted Income
$150,796
Gross Scheduled Income
$150,796
Cap Rate
6
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks