2195 Buchanan Loop, Ferndale, WA 98248-9801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LII · Ferndale, WAFerndale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.