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Financial
Distress signals
Property profile

6955 Salashan Pkwy Ferndale, WA 98248

OFF-MARKET
Industrial properties
Property ID
US90-1389160
60,000 SF 7 ac lot Built 1998
Last sale Feb 2022 · $10,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 40,000 square foot light industrial warehouse building presents a fantastic sublease opportunity, available January 1st, 2024, and extending until June 30th, 2027. Located within the desirable Grandview Business Park, this single-story building offers significant advantages for businesses seeking efficient and well-equipped space. The structure is a fully engineered, steel-framed building, complete with a comprehensive sprinkler system for enhanced safety. Loading and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$37k
Tax billed · 2021
Assessed value · 2022$6.04M
Assessed land$1.10M
Assessed improvement$4.94M
Effective rate0.61%

Value estimate

· Oct 2026
$10.38M
$9.34M – $11.41M
AI approach$9.82M
Submarket $/SF estimate$8.92M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$171/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$100 – $265

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LII
JurisdictionWHATCOM

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.9
Dental Office8.8
Realty agency8.6

Location

6955 Salashan Pkwy Ferndale, WA 98248-8314
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6840 Northgate, Ferndale, WA 98248-8309 $10,450,000 Jul 2024 70,560 SF
6823 Northgate, Ferndale, WA 98248-8309 $2,625,000 Dec 2022 27,994 SF
5457 Pacific Fern, Ferndale, WA 98248-8652 $890,657 Sep 2022 57,173 SF
1360 Sunset, Ferndale, WA 98248-8913 $551,829 Dec 2021 40,111 SF
6947 Salashan, Ferndale, WA 98248-8314 $3,060,000 Jul 2021 30,600 SF
5501 Hovander, Ferndale, WA 98248-7835 $9,750,000 Jan 2021 32,314 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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