2694 Roeder Avenue

$1,600,000

Downtown

Bellingham,WA, 98225
Other | 0  |   | 0.00 sqft

Robert Sandoz, Listing Courtesy of Windermere Real Estate Whatcom

2694 Roeder Avenue, Bellingham Other For Sale Photo

Property Info
MLS®: 1833226
Style of House: 71 - Light Indrl.
Bedrooms: 0
Bathrooms:
Listing Date: 2021-09-01
List Price: $1,600,000
Strata Fee: $
Floor Area: 0.00 sq. ft
Unit_Price: $1,600,000/sq. ft
Lot_Size: 57499.00
Basement:
Built Year: 1971
Tax Amount: $3,609/Year
Ownership Interest:
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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.

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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Property Details
Summary
    Location and General Information
  • Style Code: 71 - Light Indrl.
  • MLS Area Major: 860 - Bellingham
  • Street Number Numeric: 2694
  • Street Name: Roeder
  • County Or Parish: Whatcom
  • City: Bellingham
  • State Or Province: WA
  • Postal Code: 98225
  • Sale Type: MLS
  • Directions: From I-5: Take Exit 253 for Lakeway Dr, head west on Lakeway Dr, continue onto E Holly St, left on Central Ave, right on Roeder Ave, listing on the right.
  • Property Type: Commercial Sale
  • Property Sub Type: Commercial Industrial
  • Taxes and HOA Information
  • Tax Year: 2021
Interior and Exterior Features
    Exterior Features
  • Exterior Features: Metal/Vinyl
  • Roof: Metal
Property
    Utilities
  • Sewer: Sewer Connected
  • Water Source: Public
  • Power Company: Puget Sound Energy
  • Sewer Company: City of Bellingham
  • Water Company: City of Bellingham
  • Property and Assessments
  • Foundation Details: Slab
  • Topography: Level
  • Year Built: 1971
  • Lot Size Square Feet: 57499
  • Building Area Units: Square Feet
  • Lot Information
  • MLS Lot Size Source: Port of Bellingham Leased Land
  • Parcel Number: 3802251304450101
More Information
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