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6955 Salashan Parkway

Ferndale, WA 98248
  • $9,880,000
  • STATUS: Pending
  • ON SITE: 37 Days
  • ID#: 1857437
Under Contract
UPDATED: 65 min ago
$9,880,000
  • 0
    BEDS
  • 7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1998
County:

School Ratings & Info

Listing Courtesy of Pacific Continental Realty Llc.

Description

6.25% cap rate with 5% vacancy credit loss on an Absolute Net Lease. 5-year renewal just executed with first year rate established at $54,167 per month with annual bumps. Lease includes 2 additional 5-year lease renewal options at market rent. Strong international tenant with excellent rent history. Two buildings, 100k sq ft combined, side by side on 7 acres in North Ferndale. 1 - 40k sq ft and 1 - 60k sq ft fully sprinkled steel buildings that include a mix of grade and dock high doors. Coupon Clipper offered at below replacement cost.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-02T18:14:27.747.

www.kwbellingham.net/homes/122734055
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6955 Salashan Parkway Ferndale, WA 98248

  • Price: $9,880,000
  • Status: Pending
  • On Site: 37 Days
  • Updated: 65 min ago
  • ID#: 1857437
0
Beds
0
Baths
0
½ Baths
7
Acres
1998
Built
Neighborhood:
Ferndale
County:
Whatcom
Area:
Ferndale/Custer
Property Description
6.25% cap rate with 5% vacancy credit loss on an Absolute Net Lease. 5-year renewal just executed with first year rate established at $54,167 per month with annual bumps. Lease includes 2 additional 5-year lease renewal options at market rent. Strong international tenant with excellent rent history. Two buildings, 100k sq ft combined, side by side on 7 acres in North Ferndale. 1 - 40k sq ft and 1 - 60k sq ft fully sprinkled steel buildings that include a mix of grade and dock high doors. Coupon Clipper offered at below replacement cost.
Exterior Features

Carport YN No Open Parking YN No Parking Total 0 Structure Type Industrial Style Code 71 - Light Indrl.

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 650000 Possession Tenant's Rights Possible Use Industrial Power Production Type ElectricNatural Gas Property Sub Type Commercial Industrial Senior Community YN No Sewer Septic Tank Special Listing Conditions None Utilities Septic SystemElectricity AvailableNatural Gas Connected Water Source Public Zoning Class Industrial-Light Zoning Jurisdiction County

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Western Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-02T18:14:27.747.

 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Listing Courtesy of Pacific Continental Realty Llc.