Grandview Park (Status: Pending) 1995000

2010, Grandview Rd, Ferndale, WA  98248

Stable income and growth opportunity just off I-5. The Grandview Park is a fully occupied, 13,120 sq ft 8-bay bldg, leased office/apartment, and smaller office bldg. Total 14,946 sq ft of rentable buildings. Sits on 9.7 acres (4 acres usable) – plenty of land for more bldgs, or lease the land to businesses needing to park cars/trucks/storage. Current income gives a 5.25% cap rate + extra 1.75 acres of pad-ready land for new construction or simply lease to push cap rate over 7%

Listing Details

Asset Class: Industrial
Year Built: 2007
Building Total Square Feet: 14497
Available Lease Space Square Feet: 0
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: GB

Listing Courtesy of: John L. Scott – Bellingham

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.