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2694 Roeder Avenue

Bellingham, WA 98225
  • $1,600,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: 1833226
UPDATED: 220 min ago
$1,600,000
  • 0
    BEDS
  • 1.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Listing Courtesy of Windermere Real Estate Whatcom.

Description

Excellent Industrial investment properties, well-positioned on Roeder Avenue at the Port of Bellingham, WA. Two (2) Metal Industrial Buildings with a total SF of approximately 11,000.00. 100% leased with three (3) strong Tenants with long-term NNN leases with rent escalations. Land is leased from the Port of Bellingham with 28 years left and an opportunity to extend if purchased as a 1031 Exchange. 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. Six percent (6%) cap rate on current rents, with rent escalations going forward.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Entegra Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-21T00:14:03.113.

www.entegra-realestate.com/homes/121017150
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2694 Roeder Avenue Bellingham, WA 98225

  • Price: $1,600,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 220 min ago
  • ID#: 1833226
0
Beds
0
Baths
0
½ Baths
1.32
Acres
1971
Built
Neighborhood:
Downtown
County:
Whatcom
Area:
Bellingham
Property Description
Excellent Industrial investment properties, well-positioned on Roeder Avenue at the Port of Bellingham, WA. Two (2) Metal Industrial Buildings with a total SF of approximately 11,000.00. 100% leased with three (3) strong Tenants with long-term NNN leases with rent escalations. Land is leased from the Port of Bellingham with 28 years left and an opportunity to extend if purchased as a 1031 Exchange. 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. Six percent (6%) cap rate on current rents, with rent escalations going forward.
Exterior Features

Carport YN No Exterior Features Metal/Vinyl Lot Size Dimensions Irregular Open Parking YN No Parking Total 0 Roof Metal Structure Type Industrial Style Code 71 - Light Indrl. Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No FIRPTAYN No First Right Of Refusal Yes Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 88008 Possession Closing Possible Use IndustrialIndustrial Power Company Puget Sound Energy Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Bellingham Special Listing Conditions See Remarks Tax Annual Amount 3609 Tax Year 2021 Utilities Sewer Connected Water Company City Of Bellingham Water Source Public Zoning Class IndustrialIndustrial-Light Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Entegra Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Entegra Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-21T00:14:03.113.

 
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Entegra Real Estate
505 106th Ave NE Ste. 210
Bellevue WA, 98004
Listing Courtesy of Windermere Real Estate Whatcom.