Bought with Hansen Group Real Estate Inc
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2031 Main ST Ferndale, WA 98248
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Key Details
Sold Price $2,487,500
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ferndale
MLS Listing ID 2274100
Sold Date 11/18/24
Style 75 - Retail
Year Built 1960
Lot Size 0.570 Acres
Property Sub-Type Commercial Industrial
Property Description
US Bank | Absolute Net: Tenant signed new lease starting Aug 1, 2025 for a five year lease at 12,939.78 per month which put the property at a 6.00 Cap. There are also Two additional 5 year extensions with rent increases potentially pushing the lease to 2040.Tenant is responsible for all expenses and maintenance on the property and has been a tenant since 1985.
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Fireplace false
Exterior
Exterior Feature Stone, Wood, Wood Products
Roof Type Composition
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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