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ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Windermere Real Estate Whatcom

$ 1,600,000

Est. payment -/mo

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Active

2694 Roeder AVE Bellingham, WA 98225

1.32 Acres Lot

UPDATED:

10/01/2024 07:42 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 Yes

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

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

ONE Real Estate

Broker

+1(360) 201-0908

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