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164 W Smith Rd 33,804 SF 100% Leased Industrial Building Bellingham, WA 98226 $4,000,000 ($118.33/SF) 6.54% Cap Rate
Investment Highlights
- Industrial/Office & Yard Space
- Large parcel
- Great Location and Access
Executive Summary
Industrial property centrally located between Bellingham, Ferndale, and Lynden. Easy access to the Canadian Boarder or Interstate via well-traveled Guide Meridian (SR539). The property, over 12 acres in total, features industrial/shop space, office space re-built this year, exterior storage including silo storage, and large yard area. 600-amp 480 three phase service. Zoned Rural Industrial and Manufacturing by Whatcom County. 5-year lease in place.
Property Facts
| Price | $4,000,000 | Property Subtype | Distribution |
| Price Per SF | $118.33 | Lot Size | 12.04 AC |
| Sale Type | Investment | Rentable Building Area | 33,804 SF |
| Cap Rate | 6.54% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1970 |
| Zoning | Rural Industrial & Manu | ||
| Price | $4,000,000 |
| Price Per SF | $118.33 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Lot Size | 12.04 AC |
| Rentable Building Area | 33,804 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | Rural Industrial & Manu |
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Property Taxes
| Parcel Number | 390225-459079-0000 | Improvements Assessment | $750,586 |
| Land Assessment | $1,361,444 | Total Assessment | $2,112,030 |
Property Taxes
Parcel Number
390225-459079-0000
Land Assessment
$1,361,444
Improvements Assessment
$750,586
Total Assessment
$2,112,030
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164 W Smith Rd
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