2694 Roeder Avenue
Bellingham, WA 98225
1.32 acres | #2034085
Description
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.
Property Details
- Property SubtypeCommercial Industrial
- Style71 - Light Indrl.
- Date ListedFebruary 07, 2023
- Sewer InformationSewer Connected
- Exterior MaterialsMetal/Vinyl
- Original List Price$1,600,000
- Structure TypeIndustrial
- Property TypePurchase
- SubdivisionDowntown
- CountyWhatcom
- MLS #2034085
- Cost1600000
- MLS #2034085
- Utility SourcePublic
- Taxes Annual$6,173
- Acres1.32
- Year Built1971
- FoundationSlab
- Property ConditionGood
- Days on Market (Cumulative)817
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-23 17:50:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Bob Sandoz (#NWM44491)
Listing Office: Windermere Real Estate Whatcom (#NWM9110)
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