$1,995,000 $10,710 est/mo Sourced by Back At You

2010 Grandview Road,Ferndale, WA 98248

Ferndale WA, 98248

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Description

Stable passive income and growth opportunity just off I-5. The Grandview Park consists of a 13,120 sq ft 8-bay bldg, leased office/apartment, and smaller office bldg. Total 14,946 sq ft. 9.7 acres (4 acres usable) - plenty of pad-ready land for more bldgs, or lease the land to businesses needing to park cars/trucks/storage. Current income and bldg footprint gives a 5.2% cap rate + extra 1.75 acres land for development or lease, pushing proforma cap rate to 7+%

Details

MLS#2062970
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusPending
Year2009
Days On Site392
Listing Provided ByJohn L. Scott Bellingham | Patrick Starr

Features

Acreage9.70

Market Activity 98248

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 7 minutes ago
StateWA
CountyWhatcom
CityFerndale
Zip Code98248
Area870 Ferndale | Custer
Community NameFerndale
Listing VS Median (in Ferndale)
Price:
$1,995,000
low | high
Med:
$649,500
100% of Average
On Site:
392
low | high
Med:
149.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 8:25:20 AM PDT