2010 Grandview Road
Ferndale, WA 98248
9.70 acres | #2062970
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
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-06-06 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Patrick Starr (#NWM60514)
Listing Office: John L. Scott Bellingham (#NWM9867)
Listing Courtesy (Buyer)
Buyer's Agent: TJ Ackerman (#NWM55103)
Buyer's Office: Muljat Group Nooksack (#NWM2925)
