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2694 Roeder Ave 10,728 SF 100% Leased Industrial Building Bellingham, WA 98225 $1,600,000 ($149.14/SF) 5.11% Cap Rate
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2020) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$88,008
|
$8.20
|
FINANCIAL SUMMARY (ACTUAL - 2020)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $88,008 |
| Annual Per SF | $8.20 |
PROPERTY FACTS
| Price | $1,600,000 | Building Class | C |
| Price Per SF | $149.14 | Lot Size | 1.32 AC |
| Sale Type | Investment | Rentable Building Area | 10,728 SF |
| Cap Rate | 5.11% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1971 |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 6 |
| Zoning | LI - Light Industrial | ||
| Price | $1,600,000 |
| Price Per SF | $149.14 |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 1.32 AC |
| Rentable Building Area | 10,728 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| No. Dock-High Doors/Loading | 6 |
| Zoning | LI - Light Industrial |
1 1
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 380225-125440-0109 | Improvements Assessment | $420,957 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $420,957 (2024) |
PROPERTY TAXES
Parcel Number
380225-125440-0109
Land Assessment
$0 (2024)
Improvements Assessment
$420,957 (2024)
Total Assessment
$420,957 (2024)
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2694 Roeder Ave
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