LISTING DETAILS

Roeder Avenue

2694 Roeder Ave Bellingham WA 98225

Listing #: 662224 | Status: Available | Last Modified: 6/6/2023

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	129,912
Vacancy Factor %	0.00%
Operating Expenses	48,078
Net Operating Income	81,834
CAP Rate	5.12 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Industrial Asset Class Info
Grade Level Door Count	9

Building Information
Building Status	Existing
# of Buildings	2
# of Floors	1
Total Building SF	10,728 SF
Net Rentable Area	10,728 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	295,232 SF
Acres	6.78
Year Built	1971
Year Renovated	2004

Property Type
Property Type	Industrial
Investment	Yes

Location
County	Whatcom
Market Area	Whatcom County
Tax ID #	188110\|3

2694 Roeder Ave

Public Comments

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.

Roeder Avenue
2694 Roeder Ave Bellingham WA 98225

Listing #: 662224 | Status: Available | Listing Date: 2/8/2023 | Last Modified: 6/6/2023 | Email Listing

For Sale

Roeder Avenue

Listing Images