Leased Office Building
For Sale
Contact for pricing
Pending
2010 Grandview Rd, Ferndale, WA 98248
Fully occupied 13,120 sq ft 8-bay building plus a smaller office building on 9.7 acres with pad-ready land.
Property Size14,946 SF
Lot Size9.70 Acres
Days on Market147
Property Features for 2010 Grandview Rd
General Information
Standard status
Pending
Size
14,946 SF
Lot size
9.70 Acres
Property subtype
Industrial, Self Storage
Occupancy
100%
Additional Details
Cap Rate
5.25%
Highway Access
Yes
Listing Agency:
John L. Scott Real Estate Bellingham
Listed By:
Patrick Starr · License #WA 23504
Source:
Crexi
Added: Apr 12
Changed: Aug 24
Last Checked: Sep 2 at 10:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott Real Estate Bellingham
Investment Insights
Based on property information with market context.
The Grandview Park is a fully occupied office building complex featuring an 8-bay 13,120 sq ft leased office/apartment building and an additional smaller office building. The property provides a total of 14,946 sq ft of rentable space and sits on 9.7 acres, including approximately 4 acres described as usable. The site is also noted as having extra 1.75 acres of pad-ready land for new construction or lease for parking/storage needs.
The property is located just off I-5, supporting straightforward tenant access. Current income is reported to reflect a 5.25% cap rate, with room to increase through utilization of the additional pad-ready land described in the offering.
For buyers or tenants looking for an office asset with established occupancy and expandable site capacity, the combination of rentable improvements and additional developable or leaseable land is central to the offering.
The property is located just off I-5, supporting straightforward tenant access. Current income is reported to reflect a 5.25% cap rate, with room to increase through utilization of the additional pad-ready land described in the offering.
For buyers or tenants looking for an office asset with established occupancy and expandable site capacity, the combination of rentable improvements and additional developable or leaseable land is central to the offering.
Key Highlights
- Fully occupied 13,120 SF 8‑bay building with leased office/apartment use
- Total of 14,946 SF of rentable buildings, including the 13,120 SF main building and a smaller office building
- 9.7‑acre property with 4 acres usable
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 98248, WA
26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied 13,120 sq ft 8-bay building plus a smaller office building on 9.7 acres with pad-ready land.
Where is this office building located?
The property is located at 2010 Grandview Rd Ferndale, WA.
What are key features of this property?
This property features: Fully occupied 13,120 SF 8‑bay building with leased office/apartment use; Total of 14,946 SF of rentable buildings, including the 13,120 SF main building and a smaller office building; 9.7‑acre property with 4 acres usable
