2314 E Bakerview Rd 29,424 SF 100% Leased Industrial Building Bellingham, WA 98226 $4,950,000 ($168.23/SF) 5.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong regional Tenant: ARG Industrial (Alaska Rubber Group) is an extremely well established regional industrial supplier with 12 locations.
- Excellent location in growing industrial and retail district. Great visibility and traffic.
- Passive long term NNN lease with 3% annual increases. Ease of maintenance property.
- Great well maintained open concept warehouse with dock high capacity and maximum versatility.
EXECUTIVE SUMMARY
This investment property offering features a 4 year base lease from the well-established regional industrial supply leader, ARG Industrial (Alaska Rubber Group). The building has a versatile light industrial design that also serves as a retail outlet and corporate office. The property is located in the desirable Bakerview industrial submarket of Bellingham, WA. strategically located to service a wide region between Seattle and Vancouver, Canada.
The ARG Industrial Building offers the savvy investor a key light industrial acquisition with excellent intrinsic value secured by solid tenants which will provide for great cash flow and long-term rental upside.
The ARG Industrial Building offers the savvy investor a key light industrial acquisition with excellent intrinsic value secured by solid tenants which will provide for great cash flow and long-term rental upside.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$280,435
|
$9.53
|
PROPERTY FACTS
AMENITIES
- Signage
- Monument Signage
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 380308-422018-0000 | Improvements Assessment | $2,604,282 (2024) |
| Land Assessment | $876,529 (2024) | Total Assessment | $3,480,811 (2024) |
CONTACT
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Brian Leibsohn - Linc Properties
