2031 Main Street
Ferndale, WA 98248
0.57 acres | #2274100
Description
US Bank | Absolute Net: Tenant signed new lease starting Aug 1, 2025 for a five year lease at 12,939.78 per month which put the property at a 6.00 Cap. There are also Two additional 5 year extensions with rent increases potentially pushing the lease to 2040.Tenant is responsible for all expenses and maintenance on the property and has been a tenant since 1985.
Property Details
- Exterior MaterialsStone, Wood, Wood Products
Measurements
- Acres0.57
Construction Details
- Style75 - Retail
- Property TypePurchase
Condition
- Year Built1960
Community and Neighborhood Details
- SubdivisionFerndale
Location
- CountyWhatcom
Financial Details
- Original List Price$2,590,000
- Days on Market (Cumulative)83
Other
- MLS #2274100
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 18:46:38. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Erich Bubbel (#NWM107969)
Listing Office: The Foundation Group LLC (#NWM7988)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
