Provided by NWMLS, Listed by Windermere Real Estate Whatcom

Active

2694 Roeder Avenue , -2071

Bellingham WA, 98225

$1,600,000


Active

Commercial

Built in 1971

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.

2034085

MLS ID

February 7, 2023

Listed

May 14, 2024

Updated

Map

2694 Roeder Avenue , -2071
Bellingham WA, 98225

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.32 Acres


Exterior Features

Metal/Vinyl


Roof

Metal


Sewer

Sewer Connected

Other Property Details

Area Name

860 - Bellingham


Taxes

$6,173


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Whatcom


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 5/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/19/2024 at 9:00 AM UTC 

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