Windermere Real Estate Whatcom

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 (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.

Features of 2694 Roeder Avenue

MLS® # 1833226
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 347
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWindermere Real Estate Whatcom

Listing Map

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