Coldwell Banker Commercial Danforth recently completed the $14.7 million sale of an industrial park in Everett, Wash. The brokerage represented buyer Mina Properties VIII, one its long-term investor clients. The seller was BFS Operations LLC.
This is very large piece of property in Everett’s industrial corrider, representing huge potential for future expansion and probably more employment opportunites.
Occupying 31.6 acres at 3200 35th Ave. NE, the park consists of four buildings totaling 94,000 square feet. With easy access to both I-5 and SR 529, the location provides easy access to ports, cities, and towns along the I-5 corridor, only nine minutes from downtown Everett and 38 miles from Seattle.
Broker Michael Fear said that Mina Properties VIII intends to maintain the property as a multi-tenant investment. The seller was BFS Operations LLC.
“This property went into contract quickly after listing, with multiple local and national prospective buyers,” said Fear. “The size and proximity to a strong industrial market with highway, port and railroad access made this property desirable.”
