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Property profile & analytics
FOR LEASE
Individual retail properties

5905 Portal Way Ferndale, WA 98248

9,000 SF 0.78 ac lot Built 2014
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US90-2829319
Property summary
AI-generated overview

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 profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 2014
Total area 9,000 SF
Lot 0.78 ac (33,977 SF)
Zoning code MCD
APN 390220 148310 0000
UPID US90-2829319
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
Current use
Occupant on record · Public records
  • Anytime Fitness Gym & Fitness Center
  • Edaleen Dairy Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Portal Way LLC · 9 yrs held
Portal Way LLC
since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MCD · Ferndale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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