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    5905 Portal Way Ferndale, WA 98248

    For Lease
    $24 SF/Yr

    Prime Ferndale Retail/Office Opportunity

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Ferndale Crossings, located at 5905 Portal Way, Ferndale, WA 98248, presents a unique investment opportunity in a thriving Whatcom County location. This Class B, 28,000 square foot retail and medical office center sits on a 125,524 square foot lot and offers multiple tenancy options. Currently, 15,000 square feet of space is available, with flexible layouts ranging from 1,500 to 7,500 square feet, ideal for various medical or retail businesses. The property boasts excellent visibility from Interstate 5, benefiting from over 40,000 daily vehicles passing by, and enjoys additional high traffic counts on 2nd Avenue and Portal Way. Easy access is provided via Portal Way, Second Avenue, and Thornton Street. This new construction offers customizable interior design options, making it perfect for businesses seeking a modern and adaptable space. Its strategic location near Interstate 5 Exit 263 makes it the most convenient route to downtown Ferndale and its residential areas, ensuring high foot traffic and visibility. The property's prime location within a popular destination makes it an exceptional opportunity for businesses seeking high visibility and accessibility.

    Property Features for 5905 Portal Way

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF
    Class
    B
    Total Rate
    56000

    Unit(s) available at that property

    Space
    Building C
    Size
    7,500 SF
    Rate per SF
    $24
    Space
    Building B
    Size
    7,500 SF
    Rate per SF
    $24

    HighLights

    • Class B, 28,000 SF retail and medical office center in Ferndale, WA.
    • 15,000 SF of available space with flexible layouts (1,500‑7,500 SF).
    • Excellent visibility from I‑5 (40,000+ daily vehicles) and high traffic counts on 2nd Ave & Portal Way.
    • Convenient access via Portal Way, Second Avenue, and Thornton Street.
    • New construction with customizable interior design options.
    • Prime location near I‑5 Exit 263, offering high foot traffic and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anytime Fitness Gym Edaleen Dairy Ice Cream Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.589571
    Latitude
    48.855836

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    FAQs

    What type of property is this?
    Medical office - Prime Ferndale Retail/Office Opportunity
    Where is this medical office located?
    The property is located at 5905 Portal Way Ferndale, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class B, 28,000 SF retail and medical office center in Ferndale, WA.; 15,000 SF of available space with flexible layouts (1,500-7,500 SF).; Excellent visibility from I-5 (40,000+ daily vehicles) and high traffic counts on 2nd Ave & Portal Way.
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    5905 Portal Way Ferndale, WA 98248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5905 Portal Way Ferndale, WA 98248
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