2694 Roeder AveBellingham, WA 98225

This exceptional investment opportunity presents two industrial buildings totaling 10,728 square feet situated on a 1.32-acre lot in Bellingham, Washington (APN: 3802251304450101). The property, built in 1971, boasts a desirable location on Roeder Avenue near the Port of Bellingham and is zoned for Industrial and Industrial-Light uses. Currently 100% leased to three strong tenants under long-term, triple-net (NNN) leases, this property offers a stable income stream with built-in rent escalations. The current net operating income (NOI) is $81,834, resulting in a 7.00% capitalization rate. The land is held under a 25-year lease with the Port of Bellingham, with the owner responsible only for the land lease payments. This presents a compelling opportunity for a 1031 exchange or a passive investor seeking a strong, positive return. The asking price for this turnkey investment is $1,600,000. This property offers a secure and profitable investment with significant long-term potential.