2694 Roeder Ave
Bellingham WA 98225
Roeder Avenue
2694 Roeder Ave Bellingham WA 98225
Listing #: 662224 | Status: Available | Last Modified: 6/6/2023 |
For Sale
- Phone:(425) 466-6705
- Email:rsandoz@windermere.com
- Office Name:Windermere - Whatcom Co.
- Office Phone:(360) 676-5900
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,600,000.0
- $/SF$ 149.1
- Listing StatusAvailable
- Days on Market655
- Asset ClassIndustrial
- Terms
- Investment Type
- Investment PropYes
- Gross Income129,912
- Vacancy Factor %0.00%
- Operating Expenses48,078
- Net Operating Income81,834
- CAP Rate 5.12 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Dock High Doors
- Semi-Dock Doors
- Grade Level Door Count9
- Crane Count
- Building StatusExisting
- # of Buildings2
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF10728
- Net Rentable Area10728
- Total Office SF
- Largest Contiguous SF
- Lot SF295232
- Acres6.78
- Property TypeIndustrial
- Office Type
- InvestmentYes
- Building Class
- CountyWhatcom
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWhatcom County
- Tax ID #188110|3
- Additional Parcels380225060557, 50413, 52684|2
- Zoning
- Year Built1971
- Year Renovated2004
- Completion Date
- Roof Type
- Construction Type
2694 Roeder Ave
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.
