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SRS Distribution (Home Depot) 1991 Division St 20,700 SF Industrial Building Bellingham, WA 98226 $3,198,000 ($154.49/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee / Investment Grade Parent Company: SRS Distribution is the fastest growing distributor of building products in the U.S.
- Functional Industrial (IOS) Facility / Passive Investment: This functional ±20,700 SF facility is strategically positioned
- Newly Executed Lease Extension / Annual Rent Increases: SRS Distribution just executed a 5-year lease extension at this location
- Income Tax Free State / Strategic Location: Washington benefits from no state income tax offering
EXECUTIVE SUMMARY
Broker of Record
Brian Brockman
License # 21256 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Brian Brockman
License # 21256 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
PROPERTY FACTS
| Price | $3,198,000 | Lot Size | 1.00 AC |
| Price Per SF | $154.49 | Rentable Building Area | 20,700 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.20% | Year Built | 1993 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 5 |
| Building Class | B | ||
| Zoning | HI - Heavy industrial | ||
| Price | $3,198,000 |
| Price Per SF | $154.49 |
| Sale Type | Investment NNN |
| Cap Rate | 7.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 20,700 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 5 |
| Zoning | HI - Heavy industrial |
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PROPERTY TAXES
| Parcel Number | 380317-340318-0000 | Improvements Assessment | $1,616,276 |
| Land Assessment | $630,662 | Total Assessment | $2,246,938 |
PROPERTY TAXES
Parcel Number
380317-340318-0000
Land Assessment
$630,662
Improvements Assessment
$1,616,276
Total Assessment
$2,246,938
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SRS Distribution (Home Depot) | 1991 Division St
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