2314 E Bakerview Rd - Warehouse FOR SALE


Bellingham, WA 98226
$4,950,000 USD
425-455-3131
2314 E Bakerview Rd, Bellingham, WA for Sale
$4,950,000 USD
Warehouse - FOR SALE
1/6
null | 5.5% Cap Rate

2314 E Bakerview Rd
Bellingham, WA 98226


HIGHLIGHTS

  • Strong regional Tenant: ARG Industrial (Alaska Rubber Group) is an extremely well established regional industrial supplier with 12 locations.
  • Passive long term NNN lease with 3% annual increases. Ease of maintenance property.
  • Excellent location in growing industrial and retail district. Great visibility and traffic.
  • Great well maintained open concept warehouse with dock high capacity and maximum versatility.

OVERVIEW

This investment property offering features a new 5 year lease from the well-established regional industrial supply leader, ARG Industrial (Alaska Rubber Group). The building has a versatile light industrial design that also serves as a retail outlet and corporate office. The property is located in the desirable Bakerview industrial submarket of Bellingham, WA. strategically located to service a wide region between Seattle and Vancouver, Canada. The ARG Industrial Building offers the savvy investor a key light industrial acquisition with excellent intrinsic value secured by solid tenants which will provide for great cash flow and long-term rental upside.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

4

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.33

LAND SF

57,935

ZONING

PI (Planned Industrial)

APN/PARCEL ID

380308 422018

ASK ABOUT THIS PROPERTY

Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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Brian LeibsohnLinc PropertiesMore Info
425-455-3131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.