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2694 Roeder Avenue

Bellingham, WA 98225
  • $2,200,000
  • STATUS: Active
  • ON SITE: 103 days
  • ID#: 1736399
UPDATED: 53 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 Simmi Real Estate | Keller Williams Eastside are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T18:13:55.497.

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

  • Price: $2,200,000
  • Status: Active
  • Updated: 53 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 Simmi Real Estate | Keller Williams Eastside 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 Simmi Real Estate | Keller Williams Eastside are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T18:13:55.497.

 
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Simmi Real Estate | Keller Williams Eastside
2616 241st Ave SE
Sammamish WA, 98075
Listing Courtesy of Windermere Real Estate Whatcom.