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Grandview Industrial Park

6955, Salashan Parkway, Ferndale, WA 98248
$9,880,000

Description

Grandview Industrial Park (Status: Pending)

6955, Salashan Parkway, Ferndale, WA  98248

6.25% cap rate with 5% vacancy credit loss on an Absolute Net Lease. 5-year renewal just executed with first year rate established at $54,167 per month with annual bumps. Lease includes 2 additional 5-year lease renewal options at market rent. Strong international tenant with excellent rent history. Two buildings, 100k sq ft combined, side by side on 7 acres in North Ferndale. 1 – 40k sq ft and 1 – 60k sq ft fully sprinkled steel buildings that include a mix of grade and dock high doors. Coupon Clipper offered at below replacement cost.

Listing Details

Asset Class: Industrial
Year Built: 1998
Building Total Square Feet: 103500
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: Light Industrial

CBA

Listing Courtesy of: Pacific Continental Realty, LLC

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 6955, Salashan Parkway, Ferndale, WA 98248
  • City: Ferndale
  • State/county: WA
  • Zip/Postal Code: 98248
  • Neighborhood: Whatcom County
  • Country: United States

Detail

Updated on November 29, 2021 at 8:54 pm

  • Property ID: 644880
  • Price: $9,880,000.00/For Sale
  • Property Size: 103500 Sq Ft
  • Property Type: Industrial
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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