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Roeder Avenue

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Roeder Avenue

2694 Roeder Ave, Bellingham, WA 98225
Industrial For Sale Available Cap Rate 5.11% Built 1971 1 floors Zoning: I
Asking Price
$1,600,000
Total Building10,728 SF
Land295,232 SF land
MarketWhatcom County
CountyWhatcom

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Overview

Property ID
272149
Listing ID
662659
Type
Industrial
Asset Class
Industrial
Zoning
I

Description

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.

Listing Courtesy of:

RS
Robert Sandoz
Windermere - Whatcom Co.
515 W. Bakerview Rd.,
Bellingham, WA 98226-5583
State: WA City: Bellingham ZIP: 98225 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.