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    2195 Buchanan Loop Ferndale, WA 98248

    For Sale
    $12,500,000

    Prime Location, High-Demand Storage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a partially completed, 65,000 square foot smart-access storage facility in Ferndale, Washington. Strategically situated just off Interstate 5, this facility boasts unparalleled accessibility and visibility. Currently 50% complete with groundbreaking already underway, the estimated completion date is Winter 2024. The modern design caters to a diverse clientele, offering secure storage solutions for boats, RVs, vehicles, and personal belongings. The property features a spacious 14,000 square foot covered open parking area, perfect for larger vehicles, and a 600 square foot office space. Its prime corner lot location includes a 360-degree turnaround, specifically designed to accommodate oversized vehicles and ensuring ease of access and maneuverability. All necessary permits are approved, minimizing delays and streamlining the completion process. This state-of-the-art facility incorporates cutting-edge technology to guarantee the safety and security of stored items. The high demand for storage in this area, coupled with the facility's prime location and advanced features, makes this a truly exceptional investment opportunity with significant potential for strong returns. The asking price is $12,500,000.

    Property Features for 2195 Buchanan Loop

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Auto Repair Shop Wholesale Shop Pharmacy Auto Parts Store Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.5966
    Latitude
    48.89575

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High-Demand Storage
    Where is this commercial real estate located?
    The property is located at 2195 Buchanan Loop Ferndale, WA.
    What is the asking price?
    The asking price for this property is $12,500,000.
    (360) 671-9640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2195 Buchanan Loop Ferndale, WA 98248
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