2694 Roeder Ave - Distribution FOR SALE


Bellingham, WA 98225
$1,600,000 USD
425-466-6705
2694 Roeder Ave, Bellingham, WA for Sale
$1,600,000 USD
Distribution - FOR SALE
1/30
null | 5.11% Cap Rate

2694 Roeder Ave
Bellingham, WA 98225


OVERVIEW

Excellent industrial investment properties, well positioned on Roeder Avenue at the Port of Bellingham, WA. Two metal industrial buildings with a total SF of approximately 11,000. 100% leased with three strong tenants with long term NNN leases and rent escalations. Land is leased from the Port of Bellingham on a 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. Five percent cap rate on current rents, with rent escalations going forward.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

5.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

6

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32

LAND SF

57,499

ZONING

LI

APN/PARCEL ID

380225-125440-0109

ASK ABOUT THIS PROPERTY

Robert SandozWindermere R.E./CamanoMore Info
425-466-6705

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

Robert SandozWindermere R.E./CamanoMore Info
425-466-6705

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