Smokey Point Light Industrial

Located at 16311 Smokey Point Boulevard in Marysville, WA, Smokey Point Light Industrial presents a unique chance to invest in a versatile industrial property in the path of progress. This strategically located site offers approximately 28,048 square feet of gross leasable space across seven buildings, all situated on a ±4.31-acre parcel. The property is currently 78% occupied by multiple tenants at below-market rents with significant potential for value-add opportunities through lease adjustments or re-tenanting. The building configuration is perfect for an owner-user seeking to defray operational expenses through existing cash flow. Built in 1979, this property ensures excellent accessibility and provides ample space for various industrial operations, including manufacturing, warehousing, and logistics. The property fronts Smokey Point Boulevard in a rapidly developing corridor, featuring excellent I-5 visibility and proximity to newly established auto dealerships, enhancing its long-term appreciation and development potential.