Listing Office: John L. Scott Bellingham Northwest Multiple Listing Service Logo

2010 Grandview Road, Ferndale, WA

$1,995,000 USD

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9.70

Acres

About 2010 Grandview Road

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+%

Features of 2010 Grandview Road

MLS® # 2062970
Price $1,995,000 USD
Acres 9.70
Year Built 2009
Type Commercial Sale
Sub-Type Commercial Industrial
Status Pending Feasibility

Community Information

Address 2010 Grandview Road
Area 870 - Ferndale/Custer
Subdivision Ferndale
City Ferndale
County Whatcom
Province WA
Postal Code 98248

Amenities

Parking Spaces 162

Interior

Interior Features Concrete, Wall to Wall Carpet

Exterior

Exterior Features Metal/Vinyl, Wood Products
Foundation Poured Concrete

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJohn L. Scott Bellingham

Listing Map

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