2694 Roeder Avenue Bellingham, WA 98225
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 TypeCommercial
- NeighborhoodDowntown
- CountyWhatcom
- Taxes$6,173
- HOA/Condo/Coop Fees$0
- Days on Site513 Days
- MLS StatusActive
- MLS ID Number2034085
- Home Size Source N/A
- Year Built1971
- Lot Size1.32 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Acreage 1.32
- Water Public
- Foundation Slab
- Sewer Sewer Connected
- Parking Total 0
Interior Features
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Metal
- Exterior Metal/ VinylMetal/Vinyl
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 860 - Bellingham