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2314 E Bakerview Rd

29,424 SF 100% Leased Industrial Building Bellingham, WA 98226 £3,937,824 (£134/SF) 5.50% Net Initial Yield

Investment Highlights

  • Strong regional Tenant: ARG Industrial (Alaska Rubber Group) is an extremely well established regional industrial supplier with 12 locations.
  • Excellent location in growing industrial and retail district. Great visibility and traffic.
  • Passive long term NNN lease with 3% annual increases. Ease of maintenance property.
  • Great well maintained open concept warehouse with dock high capacity and maximum versatility.

Executive Summary

This investment property offering features a new 5 year lease from the well-established regional industrial supply leader, ARG Industrial (Alaska Rubber Group). The building has a versatile light industrial design that also serves as a retail outlet and corporate office. The property is located in the desirable Bakerview industrial submarket of Bellingham, WA. strategically located to service a wide region between Seattle and Vancouver, Canada.
The ARG Industrial Building offers the savvy investor a key light industrial acquisition with excellent intrinsic value secured by solid tenants which will provide for great cash flow and long-term rental upside.

Property Facts

Price £3,937,824 Lot Size 1.33 AC
Price Per SF £134 Rentable Building Area 29,424 SF
Sale Type Investment NNN Number of Floors 1
Net Initial Yield 5.50% Year Built 2008
Property Type Industrial Parking Ratio 1.16/1,000 SF
Property Subtype
Warehouse
  • General Retail Freestanding
  • Showroom
  • Light Industrial Light Distribution
 No. Dock-High Doors/Loading 1
Building Class B Level Access Doors 4
Price £3,937,824
Price Per SF £134
Sale Type Investment NNN
Net Initial Yield 5.50%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
  • Showroom
  • Light Industrial Light Distribution
Building Class B
Lot Size 1.33 AC
Rentable Building Area 29,424 SF
Number of Floors 1
Year Built 2008
Parking Ratio 1.16/1,000 SF
No. Dock-High Doors/Loading 1
Level Access Doors 4

Amenities

  • Signage
  • Monument Signage

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • ARG Industrial
  • Retailer
  • -
  • -
  • NNN
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
ARG Industrial Retailer - - NNN -
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zoning

Zoning Code PI (Planned Industrial)
PI (Planned Industrial)
(425) 455-3131

Contact

  • Brian Leibsohn
    Brian Leibsohn
  • Linc Properties

  • Listing ID: 34237580

  • Date on Market: 18/12/2024

  • Last Updated:

  • Address: 2314 E Bakerview Rd, Bellingham, WA 98226

The Industrial Property at 2314 E Bakerview Rd, Bellingham, WA 98226 is currently available for sale. Contact Linc Properties for more information.

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© 2024 CoStar Group

2314 E Bakerview Rd
(425) 455-3131 x

2314 E Bakerview Rd

Brian Leibsohn

(425) 455-3131

(425) 455-3131

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