2694 Roeder Avenue, Bellingham, WA 98225-2071

Active

2694 Roeder Avenue, Bellingham, WA 98225-2071


Courtesy of: Robert Sandoz | Windermere Real Estate Whatcom
$1,600,000 Bellingham, WA 98225
  • 1.32 Acres
  • Whatcom County

Key Features

  • MLS ID: NWM1833226
  • Year Build: 1971
  • Status: Active
  • Property Type: Commercial Sale
  • Area: 860 - Bellingham
  • Exterior: ["Metal/Vinyl"]
  • Address: 2694 Roeder Avenue , Bellingham, WA 98225-2071
  • City: Bellingham
  • State: WA
  • Zip: 98225
  • County: Whatcom

Description

Excellent Industrial investment properties, well-positioned on Roeder Avenue at the Port of Bellingham, WA. Two (2) Metal Industrial Buildings with a total SF of approximately 11,000.00. 100% leased with three (3) strong Tenants with long-term NNN leases with rent escalations. Land is leased from the Port of Bellingham with 28 years left and an opportunity to extend if purchased as a 1031 Exchange. 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. Six percent (6%) cap rate on current rents, with rent escalations going forward.

Property Map

From I-5: Take Exit 253 for Lakeway Dr, head west on Lakeway Dr, continue onto E Holly St, left on Central Ave, right on Roeder Ave, listing on the right.

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