Property Description
Excellent Industrial investment properties, well positioned on Roeder Avenue at the Port of Bellingham, WA. Two (2) Metal Industrial Buildings with a total SF of approximately 11,000.00. 100% leased with three (3) strong Tenants with long term NNN leases with rent escalations. Land is leased from the Port of Bellingham on a twenty-five (25) year land lease. This property offers an excellent, stable long term investment opportunity for a 1031 exchange or a passive investor looking for a positive return on their investment. All leases are NNN with owner paying only land lease to Port of Bellingham. Six percent (6%) cap rate on current rents, with rent escalations going forward.
Listing courtesy of
Windermere Real Estate Whatcom
Features
: Metal
: Unfurnished
: Metal/vinyl
: Sewer Connected
: Slab
: Closing
: Level
: Good
: Industrial
: Cash Out, Conventional
: Sewer Connected
Address Map
US
WA
Whatcom
Bellingham
98225
Roeder
2694
0
W123° 29' 44.2''
N48° 45' 36.6''
Avenue
0
From I-5: Take Exit 253 for Lakeway Dr, head west on Lakeway Dr, continue onto E Holly St, left on Central Ave, right on Roeder Ave, listing on the right.
Taxes
2021
$3,609
Additional Information
Robert Sandoz
$0
$0
Monthly
1212158
NWM9110
27/08/2021 14:18:22
: Public
: City Of Bellingham
Irregular
860 - Bellingham
0
Active
NWM44491
Commercial Sale For Sale
2694 Roeder, Bellingham, Washington 98225
0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 174 in 1654 days
$1,600,000
Listing ID #NWM1830776
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NWM1830776
Price : $1,600,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1971
Lot Area : 1.32 Sqft
Structure Type : Industrial
Status : Active
Total Bathrooms : 0
Community : Downtown
Property Sub Type : Commercial Industrial
