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Property profile & analytics
OFF-MARKET Estimated value $830,000
Industrial land

2195 Buchanan Loop Ferndale, WA 98248-9801

5 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US90-1830183
Property summary
AI-generated overview

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 profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 5 ac (217,887 SF)
Zoning code LII
APN 390206 476140 0000
UPID US90-1830183
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$830k
Owner & transaction history
2195 Holdings LLC · 3 yrs held
2195 Holdings LLC
since 2022
Last sale
$816,750
7 recorded transactions
2024
Price N/A
2022
Price N/A
2016
Price N/A
2016
Price N/A
2007
$816,750
2006
Price N/A
2004
$435,600
Zoning & alternative use
LII · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Ferndale Municipal Code
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