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Listing provided courtesy of Northwest MLS; Windermere Real Estate Whatcom
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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.
Property Type(s):
Commercial
| Last Updated | 7/18/2024 | Tract | Downtown |
|---|---|---|---|
| Year Built | 1971 | Community | Downtown |
| County | Whatcom |
Additional Details
| AREA | 860 - Bellingham |
|---|---|
| CONSTRUCTION | Metal Siding, Vinyl Siding |
| HEAT | None |
| LOT | 1.32 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | Irregular |
| STYLE | 71 - Light Indrl. |
| SUBDIVISION | Downtown |
| TAXES | 6173.3 |
| UTILITIES | Sewer Connected |
| WATER | Public |
Location
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/15/24 6:28 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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