5060 121 Pacific High Way Unit #121, Bellingham, WA 98225
- $1,550,000
Listing courtesy of Bellwether Real Estate. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,550,000
- List Price
- $1,600,000
- Status
- SOLD
- MLS#
- 1252764
- Closing Date
- Mar 15, 2019
- Days on Market
- 288
- Annual Tax Ammount
- 15909
Property Description
According to co-star, over the last five years, the 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 7 Cap Industrial Retail Investment with an NOI of $112,976 in an uphill market. This property is GREAT for OWNER OCCUPIERS as well!
/u.realgeeks.media/rbosold/ben_kinney.jpg)
Additional Information
- Community
- Ferndale
- Style
- 70 - Industrial
- Year Built
- 2008
- Roof
- Metal
- Tax Year
- 2016
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Forced Air, Concrete
- Flooring
- Concrete
- 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 Wilson's Outlet.
- Other Expenses
- 16000
- Net Operating Income
- $112,976
- Gross Scheduled Income
- $147,158
- Cap Rate
- 7
- Total Expenses
- $34,181
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .