Bought with Windermere Real Estate Whatcom
$2,100,000
$2,200,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1.16 Acres Lot
SOLD DATE : 10/25/2024
Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2276854
Sold Date 10/25/24
Style 61 - Comm Bldg Ovr 10K
Year Built 2009
Annual Tax Amount $11,214
Lot Size 1.160 Acres
Lot Dimensions 324' X 155'
Property Description
Delta Ring Commercial Condominium presents a prime investment opportunity in the industrial sector. Key highlights include:Condominium: seven tax parcels, 100% occupancy over recent years.Leasing Potential: Short-term leases currently below market rates, significant upside potential.Condition: Excellent, no deferred maintenance, metal siding and metal roof contribute to low maintenance costs.Construction Quality: The building is well-constructed and meticulously maintained, enhancing its long-term value.Investment Appeal: Priced at the 2023 appraised value, it's an attractive option for a 1031 exchange or as a stable investment asset.Overall, this property is ideal for investors seeking a reliable, well-maintained industrial asset
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Interior Features Concrete
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Roof Type Metal
Building
Sewer Septic Tank
Water Community, Private, Shared Well
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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