Provided by NWMLS, Bought with Pacific Continental Realty LLC and Listed by Pacific Continental Realty LLC

Sold

6955 Salashan Parkway

Ferndale WA, 98248

$10,000,000


Sold

Commercial

Built in 1998

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.

1857437

MLS ID

October 25, 2021

Listed

May 9, 2024

Updated

Map

6955 Salashan Parkway
Ferndale WA, 98248

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

7 Acres


Sewer

Septic Tank

Other Property Details

Area Name

870 - Ferndale/Custer


Garage

No


Parking Total

0


View

No


County

Whatcom


Water Source

Public


Pool

No

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 7/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/15/2024 at 10:00 PM UTC 

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