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    2694 Roeder Avenue

    Bellingham, WA 98225
    • $2,200,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 1736399
    UPDATED: 33 min ago
    $2,200,000
    • 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 on a twenty-five (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. Four percent (4%) 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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-12T10:14:20.873.

    www.home4investment.com/homes/114638625
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    2694 Roeder Avenue Bellingham, WA 98225

    • Price: $2,200,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 1736399
    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 on a twenty-five (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. Four percent (4%) cap rate on current rents, with rent escalations going forward.
    Exterior Features

    Carport YN No Exterior Features Metal/Vinyl Foundation Details Slab Open Parking YN No Parking Total 0 Roof Metal Site Frontage 472 Structure Type Industrial Style Code 71 - Light Indrl. Topography Level

    Interior Features

    Fireplace YN No Furnished Unfurnished

    Property Features

    Electric On Property YN No First Right Of Refusal True Gross Adjusted Income 129912 Gross Scheduled Income 129912 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 88008 Possible Use IndustrialIndustrial Property Condition Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions See Remarks Tax Annual Amount 3990 Tax Year 2020 Total Expenses 41905 Utilities Sewer Connected Water Source Public Zoning Class IndustrialIndustrial-Light Zoning Jurisdiction City

    Listing information © 2021 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 Ben Kinney Real Estate Team - Keller Williams Western Realty 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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-12T10:14:20.873.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1736399-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1736399-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1736399-1.jpg
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    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Windermere Real Estate Whatcom.