Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6955 Salashan Pkwy Ferndale, WA 98248

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    40,000 SF light industrial space available for sub-lease.

    Type:Industrial
    Property size:
    40,000 SF
    Added:
    Jun 21, 2024
    Days on Market:
    667
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 6955 Salashan Pkwy

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 6955 Salashan Pkwy Contact us

    $0.75 /Mo

    Size
    40,000 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    KC Coonc

    Listing agent KC Coonc License #WA 17357

    Listing office Pacific Continental Realty LLC

    Listing date Jun 21, 2024

    Source Crexi

    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

    Overview

    Industrial Space Sub-Lease Opportunity

    This is a sub-lease opportunity for a 40,000 square foot light industrial building located in the Grandview Business Park. Building B is an engineered, fully sprinklered steel building. It features one grade door, one loading dock, and heavy power. Ample parking is available, with convenient ingress and egress. The sub-lease is available until June 30, 2027, starting January 1, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Montigo (Factory) Production Facility

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Whatcom
    State
    Washington
    Longitude
    -122.60688
    Latitude
    48.893042

    Nearby Similar for Lease

    • $10/mo

      Versatile Ferndale Property For Rent

      Campus-style property ideal for school, daycare, or office use.
      5942 Portal Way, Ferndale, WA
      View Details
    • $20/mo

      New Retail & Office Space

      New construction retail and office space in a growing area.
      6252 Portal Way, Ferndale, WA
      View Details
    • $16/mo

      High-Visibility Retail Space Available

      Retail spaces available along I-5 with ample parking.
      5100 Pacific Hwy, Ferndale, WA
      View Details
    • $15/mo

      Turn-Key Ferndale Office Space

      Furnished office space in Ferndale with hard offices and workstations.
      5616 3rd Ave, Ferndale, WA
      View Details
    • Contact for pricing

      Bright Office Space Near Ferndale

      Modern office suites with natural light and secure access.
      2413 Main St, Ferndale, WA
      View Details
    • Contact for pricing

      Retail Space in Grocery Outlet

      Former salon in a busy shopping center, Ferndale, WA.
      1730-1750 Labounty Dr, Ferndale, WA
      View Details
    • Contact for pricing

      Ferndale Flex Space Condo ForRent

      2,200 SF flex space with I-5 access.
      1971 Baltic Way, Ferndale, WA
      View Details
    • Contact for pricing

      Retail and Office Complex

      Commercial retail and office space for lease in Ferndale.
      1887 Main St, Ferndale, WA
      View Details
    • $0.85/mo

      Ferndale Warehouse Space Available

      Class A warehouse space in premier industrial location for lease.
      2693 Delta Ring Rd, Ferndale, WA
      View Details
    • Contact for pricing

      Warehouse Space Near I-5

      Centrally located warehouse space with I-5 visibility in Whatcom County.
      5420-5426 Barrett Rd, Ferndale, WA
      View Details
    • $0.60/mo

      Industrial Space in Grandview Park

      Industrial space for rent in north Ferndale, Washington.
      6920 Salashan Pkwy, Ferndale, WA
      View Details
    • $16/mo

      Ferndale Corner Office Space

      Corner office space in the heart of Ferndale.
      1943 Main St, Ferndale, WA
      View Details

    FAQs

    What type of property is this?
    Industrial property - 40,000 SF light industrial space available for sub-lease.
    Where is this industrial property located?
    The property is located at 6955 Salashan Pkwy Ferndale, WA.
    What are key features of this property?
    This property features: Sub‑lease opportunity until 6‑30‑2027; Located in Grandview Business Park; 40K Square Foot Light Industrial Building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    KC Coonc
    Real Estate License ID: WA 17357
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!