Homes for sale - 2694 Roeder AVE, Bellingham, WA 98225

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Toril Schoepfer

1toril@torilsellshouses.com +1(253) 350-2638

Listed by Windermere Real Estate Whatcom

$1,600,000

Est. payment - /mo

1.32 Acres Lot

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UPDATED:

11/14/2024 04:10 AM

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 2034085

Style 71 - Light Indrl.

Year Built 1971

Annual Tax Amount $6,173

Lot Size 1.320 Acres

Lot Dimensions Irregular

Property 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.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Roof Type Metal

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Toril Schoepfer

+1(253) 350-2638

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2694 Roeder AVE Bellingham, WA 98225

Toril Schoepfer

Key Details

Location

Interior

Exterior

Building

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