Listed by Gage Commercial Real Estate, LLC.
$6,750,000
Single Tenant NNN Leased Warehouse
Details
APN 3803294534460000, 3803294784320000
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 47,807
Net Rentable (SqFt) 47,807
Units 1
Cap Rate 7.32%
NOI $494,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 6
Lease Expiration 04/30/2031
Remaining Term 4.9
Rent Bumps Yes
Price per SqFt $141
Year Built 1984
Buildings 1
Stories 2
Acreage 1.970
Zoning LI
Investment Type Stabilized
Lease Commencement 05/01/2025
Ground Lease No
Loading Docks 2
Dock High Doors 2
47,807 SF Building on 1.97 Acres
Marketing description
Single-Tenant NNN Leased Property with 3% annual increases. Six-year lease commenced May 1, 2025. 4 brand new HVAC Units.
Premier location near I-5 in central Bellingham. 47,807 SF building with 29,950 SF Warehouse, 16,916 SF Office (Ground and Mezzanine) and 941 SF of covered loading dock. Large paved parking lot with approx. 70 parking spaces. Property is fully fenced, with entrance onto Kentucky St. Heavy Power in the building (480V, 1,600 Amp). Elevator on South wing. Warehouse space is sprinklered and plumbed throughout with pneumatics. Fully insulated structure (including roof). Covered loading dock has two truck wells.
Listing Contacts
Listed by Gage Commercial Real Estate, LLC.
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$494,400.00
$41,200.00/mo
Valuation Metrics
0
DSCR
7.32%
Cap Rate
7.32%
ROI
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