3710 Irongate Rd $4,500,000

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    3710 Irongate Rd Bellingham, WA 98226

    • 2.98 Acres
    • Commercial/Industrial
    Listing# 1351344 | Active

    $4,500,000

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    Days On Market: 348 6 Views
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    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
      • Zoning Class Industrial-Light
      • Zoning Jurisdiction City
      • Style 71-Light Indrl.
      • Approx Building SqFt 50,192
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Exterior Metal/Vinyl
      • Foundation Poured Concrete
      • Roof Metal
      • Heating and Cooling Forced Air
      • Loading Dock High, Grade
    • Property Features
      • Lot Square Footage 129,809
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Energy Source Natural Gas
      • Number of Available Pads 0
    • 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
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2018

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    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
    3Estimated Average Household Size
    41,740Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $389,900 Median Sales Price
    47 Homes Sold
    0 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

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. 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.