3710 Irongate Rd $4,500,000

    Close

    3710 Irongate Rd Bellingham, WA 98226

    • 2.98 Acres
    • Commercial/Industrial
    Listing# 1351344 | Active
    Days On Market: 438 37 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    50,000 SF +/- quality distribution warehouse and industrial property. Multiple dock high and grade doors, restrooms, and small office build out. Building is fully leased. The property is a 5.78% CAP rate on Year 2 Income. Dont miss this opportunity to own a great investment! Owner terms available! Includes Parcel #3803173441940000.

    • General Features
      • County Whatcom
      • Approx Building SqFt 50,192
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Industrial-Light
      • Selling Office Commission 2.5%
      • Style 71-Light Indrl.
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Metal/Vinyl
      • Foundation Poured Concrete
      • Roof Metal
      • Heating and Cooling Forced Air
      • Loading Dock High, Grade
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Energy Source Natural Gas
      • Number of Available Pads 0
      • Lot Square Footage 129,809
    • Financials
      • Vacancy Rate 3
      • Total SqFt Rented 20,000
      • Total Monthly Rent $346,320
      • Gross Rent Multiplier 13
      • Cap Rate -NOI div LP 5.78
      • Gross Scheduled Income $271,037
      • Gross Adjusted Income $262,906
      • Total Expenses $16,638
      • NOI $260,277
      • Electrical Expenses $0
      • Tax Expense $21,478
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $0
      • Tax Year 2018
      • Annual Assoc. Dues $0

    Contact

    Karena Wells

    Managing Broker

    Port Ludlow

    Direct: 360-403-5800

    Neighborhood

    98226 (Bellingham) Demographics

    39Median Age
    389Population Density (per sq. mile)
    43%College Educated
    $56,280 Estimated Median Income
    10,274Estimated Total Home Owners
    6,020Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    41,740Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $434,900 Median Sales Price
    47 Homes Sold
    40 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,500,000
        9/5/2018 3:11:00 PM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        This property search is part of the Coldwell Banker Best Homes website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Best Homes. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.