5905 Portal Way Ferndale, WA 98248
For Lease
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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.
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Anytime Fitness Gym & Fitness Center
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Edaleen Dairy Grocery & Convenience Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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
MCD · 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.