164 Smith RdBellingham, WA 98226

Property Details for 164 Smith Rd

Year built

1970

Lot size

12.04 AC

Property size (Sq ft)

33,310 SF

Zone code

RIM

Property type

Industrial properties

Property subtype

Other industrial properties

APN

390225 459079 0000

APU

3902254590790000

Description

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.

Location Insight

City

Bellingham

County

Whatcom

State

Washington

Latitude

48.8354

Longitude

-122.489

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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