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    Property profile & analytics
    OFF-MARKET Estimated value $830,000
    Industrial land

    2195 Buchanan Loop, Ferndale, WA 98248-9801

    5 ac lot
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US90-1830183
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a partially completed, 65,000 square foot smart-access storage facility in Ferndale, Washington. Strategically situated just off Interstate 5, this facility boasts unparalleled accessibility and visibility. Currently 50% complete with groundbreaking already underway, the estimated completion date is Winter 2024. The modern design caters to a diverse clientele, offering secure storage solutions for boats, RVs, vehicles, and personal belongings. The property features a spacious 14,000 square foot covered open parking area, perfect for larger vehicles, and a 600 square foot office space. Its prime corner lot location includes a 360-degree turnaround, specifically designed to accommodate oversized vehicles and ensuring ease of access and maneuverability. All necessary permits are approved, minimizing delays and streamlining the completion process. This state-of-the-art facility incorporates cutting-edge technology to guarantee the safety and security of stored items. The high demand for storage in this area, coupled with the facility's prime location and advanced features, makes this a truly exceptional investment opportunity with significant potential for strong returns. The asking price is $12,500,000.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 5 ac (217,887 SF)
    Zoning code LII
    APN 390206 476140 0000
    UPID US90-1830183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $830k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $830k
    Owner & transaction history
    2195 Holdings LLC · 3 yrs held
    2195 Holdings LLC
    since 2022
    Last sale
    $816,750
    7 recorded transactions
    2024
    2022
    2016
    2016
    2007
    $816,750
    2006
    2004
    $435,600
    Zoning & alternative use
    LII · Ferndale, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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