Industrial Manufacturing
6955 Salashan Pkwy, Ferndale, WA 98248
For Sale
Contact for pricing
Two sprinklered buildings provide substantial power, loading capacity, and space for industrial operations.
Property Size104,000 SF
Lot Size7.00 Acres
Price / SF$129.81
Days on Market33
Property Features for 6955 Salashan Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Voltage
Three-Phase Power
Sprinkler System
Additional Details
Highway Access
Building Details
Buildings
Listing Agency:
Pacific Continental Realty, LLC
(360) 671-4200
Listed By:
KC Coonc · License #WA 17357
(360) 305-9977
Source:
Moodyscre
Added: Oct 6
Changed: Nov 4
Last Checked: Nov 6 at 8:59AM
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 Pacific Continental Realty, LLC
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Investment Insights
Based on property information with market context.
This 7-acre industrial campus in Ferndale includes two fully sprinklered buildings totaling up to 104,000 square feet. Building A contains 64,000 square feet, including 4,000 square feet of office space, and has 800 amps of power. Building B offers 40,000 square feet and 600 amps. Combined electrical service is 1,400 amps at 480V, three-phase. Loading includes four dock-high doors and two grade-level doors, with more than 75 parking spaces and potential outdoor laydown area.
The property sits just off I-5 at Exit 266 and is 20 minutes from the Peace Arch Border Crossing. Its configuration accommodates manufacturing, production, distribution, and warehousing uses.
The property sits just off I-5 at Exit 266 and is 20 minutes from the Peace Arch Border Crossing. Its configuration accommodates manufacturing, production, distribution, and warehousing uses.
Key Highlights
- Two sprinklered buildings offer up to 104,000 SF across a 7‑acre campus
- Building A: 64,000 SF, including 4,000 SF of office space, with 800 amps
- Building B: 40,000 SF with 600 amps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$780,006
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,600,120
$15.6M
Cap Rate 7%
$11,142,943
$11.1M
Cap Rate 9%
$8,666,733
$8.7M
Market Conditions
NOI Build-Up for 104,000 SF
Gross rent
$936.0K $9.00/SF
− Vacancy
−$18.3K −$0.18/SF
EGI
$917.7K $8.82/SF
− OpEx
−$137.6K −$1.32/SF
NOI
$780.0K $7.50/SF
Area
Whatcom County, WA
Vacancy
1.96%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,600,120
Cap Rate 7%
$11,142,943
Cap Rate 9%
$8,666,733
Alternative Uses
Best Use
Warehouse
$11.14M
$9.75M – $13.00M
NOI $780,006 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$9.18M
$8.03M – $10.71M
NOI $642,358 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$24.53M
$21.47M – $28.62M
NOI $1,717,408 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
4
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two sprinklered buildings provide substantial power, loading capacity, and space for industrial operations.
Where is this manufacturing property located?
The property is located at 6955 Salashan Pkwy Ferndale, WA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Two sprinklered buildings offer up to 104,000 SF across a 7‑acre campus; Building A: 64,000 SF, including 4,000 SF of office space, with 800 amps; Building B: 40,000 SF with 600 amps
