Grandview Park – Ferndale, WA

Grandview Park #665184
Status: Pending
Stable income and growth opportunity just off I-5. The Grandview Park is a fully occupied, 13,120 sq ft 8-bay bldg, leased office/apartment, and smaller office bldg. Total 14,946 sq ft of rentable buildings. Sits on 9.7 acres (4 acres usable) – plenty of land for more bldgs, or lease the land to businesses needing to park cars/trucks/storage. Current income gives a 5.25% cap rate + extra 1.75 acres of pad-ready land for new construction or simply lease to push cap rate over 7%

Listing Courtesy of: John L. Scott – Bellingham – Patrick Starr, CCIM (#22029)

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.