5060 Pacific High Way Unit #111, Ferndale, WA 98248
- $470,000
Listing courtesy of Bellwether Real Estate. Selling Office: Preview Properties Skagit LLC.
- Sold Price
- $470,000
- List Price
- $480,000
- Status
- SOLD
- MLS#
- 1252746
- Closing Date
- Aug 20, 2018
- Days on Market
- 135
- Annual Tax Ammount
- 4813
Property Description
According to co-star, over the last five years, Whatcom County industrial real estate market has seen a 21% rise in lease rates and a vacancy rate drop by 6%. !THE INDUSTRIAL MARKET IS WHITE HOT! This is an opportunity to own a 6.4% Cap Industrial Retail investment with an NOI of $30,776 in an uphill market.
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Additional Information
- Community
- Ferndale
- Building Condition
- Very Good
- Style
- 71 - Light Indrl.
- Year Built
- 2008
- Roof
- Metal
- Tax Year
- 2017
- HOA Dues
- $5,000
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Heat Pump, Concrete, Wall to Wall Carpet
- Flooring
- Concrete, Carpet
- Driving Directions
- Take the Slater Rd exit and head north on the Pacific High way. The retail center that the condo is in will be on the right. Look for the Pacific Paint.
- Other Expenses
- 5000
- Net Operating Income
- $30,776
- Gross Scheduled Income
- $41,160
- Cap Rate
- 6
- Total Expenses
- $10,383
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