Ferguson Industrial Building 1012 132nd Street Southwest

CBRE is pleased to present for sale a single-tenant industrial investment opportunity
located at 1012 132nd ST SW in Everett, Washington. The property features
13,787 square feet of improved space on an oversized 1.01-acre site with approximately 15,000 square feet of paved surplus yard. The property is 100% leased to Ferguson Enterprises, LLC (NYSE: FERG), a Fortune 150 company and the largest wholesale distributor of plumbing and HVAC products in North America, under an absolute net lease structure with five years remaining on the current term plus an additional five-year renewal option.

Offered at $4,050,000 | 6.03% Cap on 5-year Average NOI

Ferguson has occupied this building continuously since original construction in 1987,
representing a 38-year uninterrupted tenancy with six consecutive lease renewals. This
extraordinary occupancy history demonstrates deep operational commitment to this
location and provides exceptional income security for a prospective buyer. The property
is structured as an absolute net lease — Ferguson carries all maintenance, capital, and
operating costs — delivering true passive income with zero landlord obligations.