Listing Office: Windermere Real Estate Whatcom Northwest Multiple Listing Service Logo

2694 Roeder Avenue, Bellingham, WA

$1,600,000

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1.32

Acres

About 2694 Roeder Avenue

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.

Features of 2694 Roeder Avenue

MLS® # 2034085
Price $1,600,000
Bathrooms 0.00
Acres 1.32
Year Built 1971
Type Commercial Sale
Sub-Type Commercial Industrial
Status Active

Community Information

Address 2694 Roeder Avenue
Area 860 - Bellingham
Subdivision Downtown
City Bellingham
County Whatcom
State WA
Zip Code 98225

Amenities

Is Waterfront No

Interior

Fireplace No

Exterior

Exterior Features Metal/Vinyl
Foundation Slab

Additional Information

Days on Market 473
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWindermere Real Estate Whatcom

Listing Map

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