For Sale
$4,000,000

164 Smith RdBellingham, WA 98226

High-yield warehouse, 33,804 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional industrial property, located at 164 W Smith Rd, Bellingham, WA 98226, presents a compelling investment opportunity. The 33,804 square foot warehouse and manufacturing facility sits on a spacious 12.04-acre lot, offering ample space for operations and expansion. The property boasts a strategic location, centrally positioned between Bellingham, Ferndale, and Lynden, providing easy access to the Canadian border and Interstate 5 via SR539. The property features a blend of industrial/shop space and recently renovated office space (completed in 2023). Extensive exterior storage, including silo storage, and a large yard area further enhance its functionality. Currently operating under a new 5-year NNN lease with a 100% occupancy rate, this stabilized investment generates a strong NOI of $261,413, resulting in an attractive 6.54% cap rate. The asking price is $4,000,000, translating to $118.33 per square foot. The property is zoned Rural Industrial and Manufacturing by Whatcom County, offering flexibility for various industrial uses. Built in phases (1970 and 1990), this property benefits from recent upgrades and a long-term lease, making it an ideal addition to any investment portfolio. APN: 3902254590790000.

Highlights

  • 33,804 SF warehouse/manufacturing facility on a 12.04-acre lot in Bellingham, WA.
  • Strategically located near Bellingham, Ferndale, and Lynden, with easy access to I-5 and the Canadian border.
  • Features renovated office space (2023), extensive exterior & silo storage, and a large yard.
  • Currently under a new 5-year NNN lease with 100% occupancy, generating a $261,413 NOI and a 6.54% cap rate.
  • Asking price: $4,000,000 ($118.33/SF). APN: 3902254590790000.

Property Details for 164 Smith Rd

Property type
Warehouses, Industrial properties
Square Feet
33,804 SF
Year Renovated
2023
Lot Size (sq. ft)
524,462 SF

Location Insight

City
Bellingham
County
Whatcom
State
Washington
Latitude
48.8363081
Longitude
-122.4888979
164 Smith Rd, Bellingham, Washington

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164 Smith Rd
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