Ferndale, WA 98248,2693 Delta Ring RD
Ferndale, WA 98248,2693 Delta Ring RD
Ferndale, WA 98248,2693 Delta Ring RD
Ferndale, WA 98248,2693 Delta Ring RD
Ferndale, WA 98248,2693 Delta Ring RD
Ferndale, WA 98248,2693 Delta Ring RD
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Listed by Windermere Real Estate Whatcom
Bought with Windermere Real Estate Whatcom

$2,100,000

$2,200,000

4.5%
Est.Price: ?

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Est. payment /mo

1.16 Acres Lot


SOLD DATE : 10/25/2024

Key Details

Sold Price $2,100,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Ferndale

MLS Listing ID 2276854

Sold Date 10/25/24

Style 61 - Comm Bldg Ovr 10K

Year Built 2009

Annual Tax Amount $11,214

Lot Size 1.160 Acres

Lot Dimensions 324' X 155'

Property Description

Delta Ring Commercial Condominium presents a prime investment opportunity in the industrial sector. Key highlights include:Condominium: seven tax parcels, 100% occupancy over recent years.Leasing Potential: Short-term leases currently below market rates, significant upside potential.Condition: Excellent, no deferred maintenance, metal siding and metal roof contribute to low maintenance costs.Construction Quality: The building is well-constructed and meticulously maintained, enhancing its long-term value.Investment Appeal: Priced at the 2023 appraised value, it's an attractive option for a 1031 exchange or as a stable investment asset.Overall, this property is ideal for investors seeking a reliable, well-maintained industrial asset

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Interior Features Concrete

Flooring Concrete

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Roof Type Metal

Building

Sewer Septic Tank

Water Community, Private, Shared Well

Others

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

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Northwest MLS (NWMLS)
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304 W Pacific Ave Suite 310, Spokane, WA, 99201, United States

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