For sale a compelling Owner-User or Value-Add investment opportunity in Everett, Washington. The Property is currently occupied by two major tenants, each with lease provisions allowing termination on 180 days’ notice, providing a future owner with exceptional flexibility to maintain existing income, reposition the asset, or ultimately occupy the building as an owner-user. Offered at $165/SF, the Property presents a compelling entry point relative to replacement cost and comparable Everett assets. The offering reflects a 5.55% going-in cap rate, increasing to a 6.30% true in-place cap rate beginning January 1, 2027. Additionally, current rents of approximately $9.72/SF remain well below estimated market rents of approximately $12–$14/SF, providing embedded rent growth and supporting long-t