Tilt-Up Industrial Warehouse with
4350 Pacific Hwy Bellingham, WA 98226
For Sale
Contact for pricing
Concrete tilt-up warehouse built in 1991 with 28–33' clear heights, multiple loading doors, and 11% office space.
Property Size30,000 SF
Lot Size8.26 Acres
Price / SF$150
Days on Market45
Property Features for 4350 Pacific Hwy
General Information
Standard status
Active
Size
30,000 SF
Lot size
8.26 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kidder Mathews
(206) 926-9292
Listed By:
Mike King, CCIM · License #7189
(206) 926-9292
Source:
Moodyscre
Added: Jun 15
Changed: Jul 27
Last Checked: Jul 29 at 2:23PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
4350 Pacific Highway offers a functional industrial warehouse featuring a concrete tilt-up building constructed in 1991. The facility includes clear heights ranging from 28 to 33 feet, five low-dock doors, one dock-high door, and one drive-in door, along with approximately 11% finished office space.
The property sits on 8.26 total acres, with 3.16 acres supporting the primary improvements and 3.67 acres of excess land. It is zoned Industrial (I), providing flexibility for industrial use and site utilization.
With its practical loading configuration, substantial clear height, and built-in office area, the warehouse is designed to support day-to-day warehousing and distribution operations.
The property sits on 8.26 total acres, with 3.16 acres supporting the primary improvements and 3.67 acres of excess land. It is zoned Industrial (I), providing flexibility for industrial use and site utilization.
With its practical loading configuration, substantial clear height, and built-in office area, the warehouse is designed to support day-to-day warehousing and distribution operations.
Key Highlights
- 30,000 SF concrete tilt‑up industrial warehouse built in 1991
- Clear heights range from 28 to 33 feet
- Loading features include five low‑dock doors, one dock‑high door, and one drive‑in door
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
Warehouse
$3.21M
$2.81M – $3.75M
NOI $225,002 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$2.65M
$2.32M – $3.09M
NOI $185,296 @ 7.0% cap · market cap 4.12%
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 authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Pacific Self Storage - Bellingham — 4340 Pacific Hwy, Bellingham, WA 98226
- Allied Van Lines — 4350 Pacific Hwy #100, Bellingham, WA 98226
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete tilt-up warehouse built in 1991 with 28–33' clear heights, multiple loading doors, and 11% office space.
Where is this warehouse located?
The property is located at 4350 Pacific Hwy 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: 30,000 SF concrete tilt‑up industrial warehouse built in 1991; Clear heights range from 28 to 33 feet; Loading features include five low‑dock doors, one dock‑high door, and one drive‑in door
