1482 Slater Rd Ferndale, WA 98248
- Commercial real estate
Current Use by Public Records
- Hiltner Combustion Systems / Engineer
- Cascade Ambulance Services Inc / Trucking Company
Property Details for 1482 Slater Rd
- Year built
- 1993
- Property type
- Commercial real estate
Description
This exceptional 3,100,000 USD industrial flex facility is strategically located on a highly visible corner lot at the intersection of Slater Road and LaBounty Drive in Ferndale, Washington. Built in 1993, the building boasts durable construction with 26-foot concrete tilt-up exterior walls, ensuring longevity and low maintenance. The property benefits from a prime location within a rapidly developing area of LaBounty, offering excellent growth potential. Currently, the building is partially occupied by one long-term tenant, with a second tenant's lease commencing in 2025. The property features eight 12+ foot roll-up doors, providing ample access for loading and unloading. Recent upgrades include a new roof and windows, along with fresh paint, demonstrating a commitment to maintaining the property's high standards. Adding to its appeal is over half an acre of paved parking, providing ample space for tenants and visitors. This well-maintained property presents a compelling investment opportunity for those seeking a stable, multi-tenant income stream in a thriving commercial area. The combination of its strong construction, desirable location, and recent improvements makes this a truly exceptional offering. The existing tenant base provides immediate cash flow, while the upcoming lease commencement in 2025 offers further income potential. This property is ready for immediate occupancy and presents a rare opportunity to acquire a high-quality industrial flex building in a growing market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Whatcom
- State
- Washington
- Longitude
- -122.564
- Latitude
- 48.8188
