Port Gardner Bldg

Port Gardner Bldg

2802 Wetmore Ave.
Everett, WA
County: Snohomish

Gordon Ahalt

Seattle, WA
Direct: (206) 521-0262
Fax: (206) 521-0298

Gary Danklefsen CRE

Seattle, WA
Direct: (206) 521-0270
Fax: (206) 521-0298

Additional Info & Materials

Building Information

Building Sq. Ft. 84,000
Available Sq. Ft. N/A
Largest Contiguous N/A
Smallest Divisible N/A
Load Factor N/A
Typical Floorplate (SF) N/A
Class B
Area Northend / Everett
Status Built
Year Built 1929
Multi-Tenant Multi-Tenant
Floors 5
Parking Ratio N/A
Parking N/A
Covered Parking N/A N/A
Uncovered Parking N/A N/A
Sprinkler N/A
Buildings 1

Investment Summary

Cap Rate (%) N/A
Sale Conditions N/A
Price $12,500,000
Price/SF $148.00

Property Description


Space Description

Property Summary Urban mixed-use development is coming into its own. In Everett, Washington, it’s become a proven success. The iconic Port Gardner Building, a hub of downtown Everett activity including office, educational and retail uses, and most recently was home to Trinity Lutheran College, is being offered for sale. The offering includes a five-story 84,000 square foot building connected via a second story sky bridge to a ±396 stall parking garage; the building’s uses over its lifetime have included retail, office, education, and mixed-use. The sale comes at an exciting time for Everett, though a bittersweet time for its current owner. After more than 70 years, Trinity Lutheran College has decided to shut down college operations on May 7th of this year. As part of its legacy, the college leaves behind this newly renovated building situated in the heart of downtown Everett just two blocks from City Hall and Snohomish County Executive Offices. Only 28 miles north of Seattle, Everett is the 5th largest city in the State of Washington. Its diverse economy includes The Boeing Company’s major aircraft manufacturing division for the wide body airplanes, the Navy carrier strike program, and is the Snohomish County government seat. The Port of Everett is the 3rd largest Port in the State and is operating near capacity. Not surprisingly, the area’s population and employment growth, along with the office leasing market, continues its steady and reliable growth.
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.