$1,900,000
Sold

2010 Grandview Road

Ferndale, WA 98248
Listing OfficeJohn L. Scott Bellingham
Type:Purchase
Structure:Industrial
Zone:Commercial

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+%

  • Property Details
      • Days on Market (Cumulative)29
Sarah-Cate DavisReal Estate Group