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1993 Division St
Bellingham, WA 98226
SRS Distribution (Home Depot) · Industrial Property For Sale
Investment Highlights
- Strong Corporate Guarantee / Investment Grade Parent Company: SRS Distribution is the fastest growing distributor of building products in the U.S.
- In September 2025, Home Depot further expanded through its specialty distribution subsidiary, SRS Distribution Inc
- Newly Executed Lease Extension / Annual Rent Increases: SRS Distribution just executed a 5-year lease extension at this location
- The Home Depot (NYSE: HD) completed the acquisition of SRS Distribution for $18.25B. Home Depot is an investment grade tenant (S&P: “A”)
- SRS Distribution will operate a network of 1,200+ locations nationwide with an estimated enterprise value exceeding $23 billion
- Income Tax Free State / Strategic Location: Washington benefits from no state income tax offering significant financial advantages
Property Facts
| Property Type | Industrial | Year Built | 1993 |
| Rentable Building Area | 20,700 SF | Tenancy | Single |
| No. Stories | 1 | ||
| Zoning | HI | ||
| Property Type | Industrial |
| Rentable Building Area | 20,700 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Tenancy | Single |
| Zoning | HI |
Property Taxes
| Parcel Number | 380317-340318-0000 | Improvements Assessment | $1,616,276 |
| Land Assessment | $649,567 | Total Assessment | $2,265,843 |
Property Taxes
Parcel Number
380317-340318-0000
Land Assessment
$649,567
Improvements Assessment
$1,616,276
Total Assessment
$2,265,843
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