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Ferrotek Corporation 7135 Delta Line Rd 20,676 SF Industrial Building Ferndale, WA 98248 $6,800,000 ($328.88/SF) 6.11% Cap Rate
EXECUTIVE SUMMARY
Excellent opportunity to purchase a strong, well-established metal fabrication Business and Real Estate. 6.1 acres of prime, level, dry, serviced industrial property accessed by an all-weather heavy haul road via a full exchange off I-5. Improvements consist of 3 buildings totaling 20,676 SF sited on 3 fenced and graveled acres which are leased long-term by a very strong regional tenant. The property is fully served and features 2000 Amps of 480v/3 phase. The remaining 3.1 vacant acres represents upside potential through expansion of the laydown yard and existing buildings or adding new buildings and tenants. Either way, true upside potential exists by generating more income with the additional land. See OM for more details.
PROPERTY FACTS
| Price | $6,800,000 | Building Class | C |
| Price Per SF | $328.88 | Lot Size | 6.10 AC |
| Sale Type | Investment | Rentable Building Area | 20,676 SF |
| Cap Rate | 6.11% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 2000 |
| Property Subtype | Warehouse | Tenancy | Single |
| Zoning | LII | ||
| Price | $6,800,000 |
| Price Per SF | $328.88 |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.10 AC |
| Rentable Building Area | 20,676 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Tenancy | Single |
| Zoning | LII |
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PROPERTY TAXES
| Parcel Number | 390101-510298-0000 | Improvements Assessment | $1,192,554 |
| Land Assessment | $768,514 | Total Assessment | $1,961,068 |
PROPERTY TAXES
Parcel Number
390101-510298-0000
Land Assessment
$768,514
Improvements Assessment
$1,192,554
Total Assessment
$1,961,068
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Ferrotek Corporation | 7135 Delta Line Rd
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