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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0BEDS
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1.32ACRES
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0BATHS
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01/2 BATHS
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.
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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-29T14:15:13.823.