2031 Main Street , Ferndale, Wa 98248

WA, Ferndale
$2,590,000
  • 0.57 Acre
  • Commercial Sale Property Type
  • 1960 Year Built
  • Closed Status
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.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2274100
  • Price: $2,590,000
  • Year Built: 1960
  • Lot Area: 0.57 Acre
  • Status: Closed
  • Office Name: The Foundation Group LLC
  • Agent Name: Erich Bubbel
  • Property Sub Type: Commercial Industrial
  • Roof: Composition
Features
  • Exterior Features Stone, Wood, Wood Products
Address Map
  • Country US
  • State WA
  • County Whatcom
  • City Ferndale
  • Zipcode 98248
  • Street: Main
  • Street Number: 2031
  • Street Suffix: Street
  • Longitude: W123° 24' 29.5''
  • Latitude: N48° 50' 47.3''
  • Directions: IPhone
  • Mls Area Major: 870 - Ferndale/Custer
Additional Information
  • Possible Use: Commercial
  • On Market Date: 2024-08-05
  • Number Of Units Total: 1
Listing Information
  • List Agent Mls Id: 107969
  • List Office Mls Id: 7988
  • Listing Term: Cash Out
  • Mls Status: Sold
  • Modification Timestamp: 2024-12-19T12:02:17Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-11-21T18:44:56Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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