Bought with Muljat Group Nooksack
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2010 Grandview RD Ferndale, WA 98248
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Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2062970
Sold Date 06/06/24
Style 61 - Comm Bldg Ovr 10K
Year Built 2009
Annual Tax Amount $9,283
Lot Size 9.700 Acres
Property 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+%
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Interior Features Concrete, Wall to Wall Carpet
Flooring Concrete, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Roof Type Metal
Building
Sewer Septic Tank
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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