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41711 State Route 2 52,124 SF 100% Leased Industrial Building Gold Bar, WA 98251 $8,794,296 CAD ($168.72 CAD/SF) 12% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Level site is improved with four steel frame industrial/warehouse buildings, one mobile home used as an office, and a retail building.

EXECUTIVE SUMMARY

The subject’s 5.30-acre site is located at 41711 State Route 2 in Gold Bar, Washington. The level site is improved with four steel frame industrial/warehouse buildings, one mobile home used as an office, and a retail building, for a total rentable building area of 52,124 SF. The retail building of 3,600 SF is occupied by two tenants. The industrial space is leased or subleased by four additional tenants. The owner occupies a portion of the industrial space to store and refurbish commercial refrigeration equipment and mobile home for office space. The improvements were constructed at various times and range from the 1970s to 2011, with upgrades and improvements still ongoing. Most of the subject improvements were constructed since 1999.

PROPERTY FACTS

Price $8,794,296 CAD
Price Per SF $168.72 CAD
Sale Type Investment
Cap Rate 12%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 5.30 AC
Rentable Building Area 52,124 SF
No. Stories 1
Year Built 1976
Parking Ratio 0.27/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 4
Zoning GC - General Commercial (GC), City of Gold Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
270908-001-012-00
Land Assessment
$964,741 CAD
Improvements Assessment
$2,891,419 CAD
Total Assessment
$3,856,160 CAD
  • Listing ID: 32043558

  • Date on Market: 2024-06-06

  • Last Updated:

  • Address: 41711 State Route 2, Gold Bar, WA 98251

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