Grandview Industrial Park (Status: Pending)
6955, Salashan Parkway, Ferndale, WA 98248
6.25% cap rate with 5% vacancy credit loss on an Absolute Net Lease. 5-year renewal just executed with first year rate established at $54,167 per month with annual bumps. Lease includes 2 additional 5-year lease renewal options at market rent. Strong international tenant with excellent rent history. Two buildings, 100k sq ft combined, side by side on 7 acres in North Ferndale. 1 – 40k sq ft and 1 – 60k sq ft fully sprinkled steel buildings that include a mix of grade and dock high doors. Coupon Clipper offered at below replacement cost.
Asset Class: Industrial
Year Built: 1998
Building Total Square Feet: 103500
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: Light Industrial
Listing Courtesy of: Pacific Continental Realty, LLC
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.