2750 Peace Portal

    Blaine, WA 98230
    • $2,200,000
    • STATUS: Active
    • ON SITE: 246 days
    • ID#: 1345482
    UPDATED: 42 min ago
    $2,200,000
    • 0
      BEDS
    • 1.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Listing Courtesy of Keller Williams Western Realty.

    Description

    Investor alert--large commercial building with space to build additional 13k sq ft, next to I-5 with 8%+ cap rate. Very low maintenance, the 3 reliable tenants take care of almost everything. Brings in $202,440 in annual rents and nets $177,751. The footprint is 18,200 and there is a second floor of 2,400 sq ft and a mezzanine of 600 sq ft for a total of 21,200 sq ft, all leased out. Opportunity to add a 7k sq ft building in front and 6k sq ft in the back. Owner financing potentially available.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-25T23:15:48.24.

    www.pickettstreetproperties.com/homes/86752255

    2750 Peace Portal Blaine, WA 98230

    • Price: $2,200,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 1345482
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.81
    Acres
    1948
    Built
    Neighborhood:
    Blaine
    County:
    Whatcom
    Area:
    Blaine/Birch Bay
    Property Description
    Investor alert--large commercial building with space to build additional 13k sq ft, next to I-5 with 8%+ cap rate. Very low maintenance, the 3 reliable tenants take care of almost everything. Brings in $202,440 in annual rents and nets $177,751. The footprint is 18,200 and there is a second floor of 2,400 sq ft and a mezzanine of 600 sq ft for a total of 21,200 sq ft, all leased out. Opportunity to add a 7k sq ft building in front and 6k sq ft in the back. Owner financing potentially available.
    Exterior Features

    Lot Depth 0 Roof Metal Site Frontage 0 Style 78 - Warehouse Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 21200

    Interior Features

    Building Sq Ft 21200 Office Sq Ft 0 Total Sq Ft Rented 21200

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 8.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Business Gross Adjusted Income 0 Gross Rent Multiplier 11 Gross Scheduled Income 202440 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7920 Net Operating Income 177751 Other Expenses 17630 Possession See RemarksSub. Tenant's Rights Power Company City Of Blaine Power Service Amps 0 Right Of First Refusal No Sewer Company City Of Blaine Tax Amount 7229 Tax Year 2018 Terms Cash OutConventionalOwner Financing Third Party Approval Required None Total Expenses EXP 24689 Total Expenses TEX 24689 Total Monthly Rent 16870 Vacancy Rate 0 Water Company City Of Blaine Water Sewer Garbage 0 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pickett Street Properties and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-25T23:15:48.24.

     
    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Keller Williams Western Realty.