$1,600,000
For Sale

2694 Roeder Avenue

Bellingham, WA 98225
Courtesy of Windermere Real Estate Whatcom
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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 with 28 years left and an opportunity to extend if purchased as a 1031 Exchange. 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.
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  • Property Details
    • Property
      • Exterior materials:Metal/Vinyl
    • Measurements
      • Acres:1.32
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Architectural style:71 - Light Indrl.
    • Condition
      • Year built:1971
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Sewer Connected
      • Utility source:Public
      • Utility features:Sewer Connected
  • Community and Neighborhood Details
    • Location
      • County:Whatcom
    • Community
      • Subdivision:Downtown
  • Financial Details
    • Pricing Details
      • Original list_price:$1, 600, 000
      • Selling office_commission:2.5
      • Annual taxes:$3, 609
  • Other
    • Source
      • MLS #:1833226

Location

Erika LoweReal Estate Group
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