Bellingham, WA 98225 2694 Roeder Avenue
$1,600,000
29 more
Presented By: Windermere Real Estate Whatcom and NWMLS
- MLS# 2034085
- 02/07/2023
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
Excellent industrial investment properties, well positioned on Roeder Avenue at the Port of Bellingham, WA. Two metal industrial buildings with a total SF of approximately 11,000. 100% leased with three strong tenants with long term NNN leases and rent escalations. Land is leased from the Port of Bellingham on a 25 year land lease. This property offers an excellent, stable long term investment opportunity for a 1031 Exchange or a passive investor looking for a positive return on their investment. All leases are NNN with owner paying only land lease to Port of Bellingham. Five percent cap rate on current rents, with rent escalations going forward.
Presented By: Windermere Real Estate Whatcom and NWMLS
Interior Features for 2694 Roeder Avenue
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Fireplaces
General for 2694 Roeder Avenue
Building Area UnitsSquare Feet
Cap Rate6.32
Carport Y/NNo
CityBellingham
CountyWhatcom
DirectionsFrom I-5: Take Exit 253 for Lakeway Dr, head west on Lakeway Dr, continue onto E Holly St, left on Central Ave, right on Roeder Ave, listing on the right.
HOANo
HOA Fee$
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet57499
Lot Size UnitsSquare Feet
MLS Area860 – Bellingham
ModificationTimestamp2025-01-23T17:50:08.807Z
NWM_ShowMapLinkY
Net Operating Income101121
Number Of Units Total3
PossessionClosing
Possible UseIndustrial
Property ConditionGood
Property Style71 – Light Indrl.
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksExcellent 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 th
RoofMetal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsSee Remarks
Standard StatusActive
StatusActive
Structure TypeIndustrial
Subdivision NameDowntown
Tax Annual Amount6173.3
Tax Year2023
TopographyLevel
Total Actual Rent11876
Water CompanyCity of Bellingham
Year Built1971
Zoning DescriptionIndustrial, Industrial-Light
Exterior for 2694 Roeder Avenue
Building Area Total
Exterior AmenitiesMetal/Vinyl
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot DimensionsIrregular
Lot Size Acres1.32
Site Frontage472
Total Parking0
Water SourcePublic
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®