$1,600,000
Roeder Avenue
Listing Type: For Sale
Property Type: Industrial
Status: Available
CBA ID#: 662659
Property Type: Industrial
Status: Available
CBA ID#: 662659
Marketing 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.Land Features:
- Lot Size: 295232 SqFt
- Lot Acreage: 6.78 Acres
- Zoning: I
Building Features:
- Building Size: 10728 SqFt
- Number of Floors: 1
- Cap Rate: 5.11%
- Year Built: 1971
This Listing Supplied Courtesy of Windermere - Whatcom Co.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
