Listed by Ayers Commercial Group
Bought with ZNonMember-Office-MLS

$5,775,000

Est. payment -/mo

$6,000,000

3.8%

Est.Price: ?

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875 Wesley ST #1 Arlington, WA 98223

1.67 Acres Lot

SOLD DATE : 09/30/2025

Key Details

Sold Price $5,775,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Arlington

MLS Listing ID 2293299

Sold Date 09/30/25

Style 73 - Office

Year Built 1991

Lot Size 1.670 Acres

Property Sub-Type Commercial Industrial

Property Description

Located adjacent to the Skagit Regional Health campus and Cascade Valley Hospital, the Whitehorse Medical Center is a multi-tenant medical office condo anchored by Skagit Regional Health and Western Washington Medical Group. Ideal opportunity for: 1. Value-add investment. Strong rent roll, with rental rates on occupied spaces averaging $29.36/SF, NNN. High historical occupancy, but pricing based on current 87% occupancy, provides an investor with stable cash flow with upside. 2. Owner-occupied medical group. With only 5,152 square feet leased on a long-term lease, the property provides a new owner with the opportunity to purchase a high-quality medical building, at well below replacement cost, and occupy space as leases expire.