Industrial Warehouse with Excess
4350 Pacific Bellingham, WA 98226
4350 Pacific, Bellingham, WA, 98226
$4,500,000
For Sale
$4,500,000
Concrete tilt-up warehouse with 5 dock-high and 3 grade-level doors, plus office and mezzanine space on surplus land.
Property Size30,000 SF
Lot Size8.26 Acres
Price / SF$150
Days on Market130
Property Features for 4350 Pacific
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 8.26 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency
RE/MAX Whatcom County,Inc.
Listed by
Keith Cook
(360) 424-2100
Source
Century21northhomes
Added: Mar 10 Checked: Jul 15 at 8:55 pm
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 RE/MAX Whatcom County,Inc.
Investment Insights
Based on property information with market context.
Well-configured industrial warehouse featuring a 30,000 SF concrete tilt-up building with 28'-33' clear heights. The facility includes 5 dock-high doors and 3 grade-level doors, along with 3,330 SF of finished office space and an additional 3,330 SF mezzanine for office and storage flexibility.
The property sits on 8.26 acres with approximately 3.67 acres of excess land, providing ample yard area and 553' of frontage. Truck access is supported by its placement along Pacific Hwy with immediate access to I-5 and nearby interchanges.
The site is zoned Industrial (I) and is positioned for regional warehousing, distribution, and logistics operations.
The property sits on 8.26 acres with approximately 3.67 acres of excess land, providing ample yard area and 553' of frontage. Truck access is supported by its placement along Pacific Hwy with immediate access to I-5 and nearby interchanges.
The site is zoned Industrial (I) and is positioned for regional warehousing, distribution, and logistics operations.
Key Highlights
- ±130,000 SF concrete tilt‑up industrial warehouse built in 1991 with 28'-33' clear heights
- Loading includes 5 dock‑high doors and 3 grade‑level doors for versatile warehouse access
- ±3,330 SF finished office space plus ±3,330 SF mezzanine for office and storage flexibility
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.0k | $9.00 |
| − Vacancy | −$5.3k | −$0.18 |
| EGI | $264.7k | $8.82 |
| − OpEx | −$39.7k | −$1.32 |
| NOI | $225.0k | $7.50 |
30,000 SF · lease $9.00/SF/yr · vacancy 1.96% · expense 15.00%
Alternative Uses
Best Use
Office B
$6.00M
$5.25M – $7.00M
NOI $419,785 @ 7.0% cap · market cap 9.33%
Second Best
Warehouse
$3.21M
$2.81M – $3.75M
NOI $225,002 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$7.08M
$6.19M – $8.26M
NOI $495,406 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- Cordata Self Storage — 200 W Kellogg Rd, Bellingham, WA 98226
- Bellingham Pantec Mini Storage — 4653 Guide Meridian Rd, Bellingham, WA 98226
FAQs
What type of property is this?
Warehouse - Concrete tilt-up warehouse with 5 dock-high and 3 grade-level doors, plus office and mezzanine space on surplus land.
Where is this warehouse located?
The property is located at 4350 Pacific Bellingham, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: ±130,000 SF concrete tilt‑up industrial warehouse built in 1991 with 28'-33' clear heights; Loading includes 5 dock‑high doors and 3 grade‑level doors for versatile warehouse access; ±3,330 SF finished office space plus ±3,330 SF mezzanine for office and storage flexibility
