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2000 Kentucky St 47,807 SF Industrial Building Bellingham, WA 98229 $10,200,900 CAD ($213.38 CAD/SF) 6.48% Cap Rate
EXECUTIVE SUMMARY
Single-Tenant NNN Leased Property with 3% annual increases. Six-year lease commenced May 1, 2025. 4 brand new HVAC Units
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Premier location near I-5 in central Bellingham. 47,807 SF building with 29,950 SF Warehouse, 16,916 SF Office (Ground and Mezzanine) and 941 SF of covered loading dock. Large paved parking lot with approx. 70 parking spaces. Property is fully fenced, with entrance onto Kentucky St. Heavy Power in the building (480V, 1,600 Amp). Elevator on South wing. Warehouse space is Sprinklered and plumbed throughout with pneumatics. Fully insulated structure (including roof). Covered loading dock has two truck wells.
.
Premier location near I-5 in central Bellingham. 47,807 SF building with 29,950 SF Warehouse, 16,916 SF Office (Ground and Mezzanine) and 941 SF of covered loading dock. Large paved parking lot with approx. 70 parking spaces. Property is fully fenced, with entrance onto Kentucky St. Heavy Power in the building (480V, 1,600 Amp). Elevator on South wing. Warehouse space is Sprinklered and plumbed throughout with pneumatics. Fully insulated structure (including roof). Covered loading dock has two truck wells.
PROPERTY FACTS
| Price | $10,200,900 CAD | Lot Size | 1.97 AC |
| Price Per SF | $213.38 CAD | Rentable Building Area | 47,807 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.48% | Year Built | 1984 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | ||
| Zoning | LI | ||
| Price | $10,200,900 CAD |
| Price Per SF | $213.38 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.48% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.97 AC |
| Rentable Building Area | 47,807 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| Zoning | LI |
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PROPERTY TAXES
| Parcel Number | 380329-453446-0000 | Improvements Assessment | $3,338,420 CAD |
| Land Assessment | $1,393,561 CAD | Total Assessment | $4,731,982 CAD |
PROPERTY TAXES
Parcel Number
380329-453446-0000
Land Assessment
$1,393,561 CAD
Improvements Assessment
$3,338,420 CAD
Total Assessment
$4,731,982 CAD
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2000 Kentucky St
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