2750 Peace Portal $2,200,000

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    2750 Peace Portal Blaine, WA 98230

    • 1.81 Acres
    • Commercial/Industrial
    Listing# 1345482 | Active

    $2,200,000

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    Days On Market: 177 0 Views
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    Property Details

    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.

    • General Features
      • County Whatcom
      • Zoning Class Business
      • Zoning Jurisdiction City
      • Style 78-Warehouse
      • Approx Building SqFt 21,200
      • Approx Whse/Mfg SqFt 21,200
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Roof Metal
    • Property Features
      • Lot Square Footage 78,990
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Company City of Blaine
      • Energy Source Electric
      • Power Company City of Blaine
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 21,200
      • Total Monthly Rent $16,870
      • Gross Rent Multiplier 11
      • Cap Rate -NOI div LP 8
      • Gross Scheduled Income $202,440
      • Gross Adjusted Income $0
      • Total Expenses $24,689
      • NOI $177,751
      • Electrical Expenses $0
      • Tax Expense $7,229
      • Heating Expense $0
      • Insurance Expense $7,920
      • Annual Assoc. Dues $0
      • Other Expenses $17,630
      • Tax Year 2018

    Contact

    Bryant Davis

    Sales Associate

    RE/MAX WHATCOM COUNTY, INC.

    Direct: 360-815-1262

    Neighborhood

    98230 (Blaine) Demographics

    47Median Age
    364Population Density (per sq. mile)
    42%College Educated
    $61,656Estimated Median Income
    4,935Estimated Total Home Owners
    1,673Estimated Total Renters
    75% / 25%Estimated Owner / Renter Divide
    1Estimated Average Household Size
    15,906Total Population

    Market Last 30 Days

    $302,500 Median Sales Price
    17 Homes Sold
    32 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,200,000
        8/21/2018 11:13:00 AM New in Database Source

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        This property search is part of the RE/MAX Pacific Northwest website. Listing information is courtesy of the WA-NWMLS and RE/MAX Pacific Northwest. 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.