510 Carolina For Sale

$1,640,000

5,000 SF OFFICE/ WAREHOUSE | .34 ACRE LOT | FULLY FENCED YARD

Excellent location in theSunnyland industrial zonewith acentral location and quick accessto I-5.5,000 sf buildingcomprised of 2,500 sf officespaceand 2,500 sf warehousespace,plus400 sf of storagemezzanine. Thisversatilespaceoffersa14 ft roll up door to warehouse,reception area,office space,kitchen,& bathroomson each floor..34 acre corner lot isfully fenced and provides21 parkingspots.Excellent investment opportunity at 5.6 CapRate.

INVESTMENT OPPORTUNITY

Pro Form a

Annual BaseRent:

Vacancy Rate3%

EffecitveGross Income

$100,200 ($20/ SF) $3,006 $97,194

Expenses

Maintenance

Management

Vacancy Expense

Total Expenses

Net Operating Income

CAPRate:

$750 $4,850 $525 $6,125 $91,069 5.5%

- 2,500 sf War ehouse

- 400 sf st orage M ezzanine

- Grade level 14 ft OH Door

- 20 ft Ceilings (war ehouse)

- Phase 1 Power

- 2,500 sf, 2 floor s of Office Space

- Recept ion Ar ea

- Kit chen

- Bat hr ooms on each floor

- Fully fenced Yar d

- 20+ dedicat ed par king spaces

- Cor ner Lot

BELLINGHAM, WA LOCATION

Conveniently situated between Vancouver, BC and Seattle, WA, Bellingham is nestled between Bellingham Bay and Mt Baker North Cascades National Park. Bellingham's proximity to world class recreation and unique culture have made Bellingham one of the fastest growing and most desirable cities in Washington.

Located within 15 min of a deep water port, international airport, and railway system; 20 miles of the Canadian Boarder, and access to a population of 8 million within 90 miles, Bellingham is not only a top pick for livability, and has recently been named a No. 3 Forbes Best Place For Small Business and Career.

Waterfront Development

DOWNTOWN

Civic Athletic Complex

BELLINGHAM

Bellingham International Airport

BELLINGHAM, WA LOCATION

1 5 M I N UTE D RI V E TI M E

- Ci t y of Bel l i ngham

- M i d- Count y & Fer ndal e - Lak e Sami sh

$16,036,428

DEMOGRAPHICS

POPULATION WITHIN 90 MI

8 million

BELLINGHAM METRO AREA

WHATCOM COUNTY EMPLOYEMENT BY LOCATION

DEMOGRAPHICS

3.1% May 2023

POPULATION

228,831

NUMBEROF HOUSEHOLDS

2.4

92,219 PERSONSPER HOUSEHOLD

BELLINGHAM METRO AREA

MEDIAN INCOME

$72,055

HIGH SCHOOL GRADUATES

94%

$39,035

BACHELOR'S DEGREEOR HIGHER

38% PERCAPITA INCOME

AVERAGEHOMEPRICE

$716,000 LAST12 MONTHS

AVERAGE HOME PRICEUP FROM 2022

NUMBEROF HOUSING UNITS

101,865

ZONING

LIGHT INDUSTRIAL PERMITTED USES

- Warehousing and wholesaling establishments: excluding the storage and handling of explosives, ammonia, chlorine, and any other similarly dangerousor toxicsubstances.

- Manufacturing and assembly of any product or material, not prohibited hereunder, is permitted. The manufacture, compounding, processing, refining, and treatment of significant quantities of the following materials, products or operations is prohibited. For the purpose of this section, ?significant quantities? consistsof abarrel or moreat asingletime.

- Acetylene;Distillation of alcohol;Asphalt and tar;Brick,tile, terra cotta; Concrete, cement, lime, gypsum, and plaster of paris; Fats, oils and soap; Fertilizer, garbage, offal, bones, and the reduction of dead animals.; Forging or smelting of metal; Lampblack, stove and shoe polish; Lumber and planing mills; Oilcloth and linoleum; Paint, shellac, turpentine,lacquer and varnish; Paper and pulp; Petroleum processingand storage;Any explosiveor highly inflammable material; Slaughtering and processing of meat or fish products.; Tannery and curing of raw hides; Chemicals such as acid, ammonia, bleach, chlorine, dye stuff, glue, gelatin andsize;Automotivewrecking,or junkyards

- Retail sales of all types except those listed in the conditional use section;

- Offices.;

- Eatingand/or drinkingestablishments;

- Serviceestablishmentsdealingwiththefollowing:

- Personal services (such as beauty and barber shops, shoe repair shopsandlaundry facilities);

- Business services (such as advertising agencies, collection agencies, janitorial services, computer service and consulting);

- Automotiverepair,servicesandgarages

- Miscellaneous repair services (such as radio, TV, watch, clock, andfurniturerepair)

- Commercial recreation.

- Medical anddental laboratories.

- Institutionsof higher education

- Membershiporganizations

- Small animal care shops (keeping of three or fewer animals overnight is permitted as an accessory use if animals are kept inanenclosedstructure)

- Miscellaneousservices(such asengineering,architectural and surveyingservices).

- Agricultural nurseries.

- Advertisingdevices

- Animal hospitals,small.

- Transportation and public utilities (such as freight operations, terminals, communication services, utility transmission systems, and utility generationsystemsonly asprovidedinBMC20.36.030(C)).

- Construction businesses (such as construction offices and storage yards).

- Usessimilar to the above; however,adult entertainment usesshall be prohibitedinthelight industrial district.

- Billboards, subject to the provisions of this chapter, and only within thebillboardoverlay zonesdelineated byBMC20.08.020,Figure15.

- Wireless communication facilities, subject to the provisions of Chapter20.13BMC.

- Community publicfacilities.

- Art schools.

- Temporary homelessshelters,per Chapter20.15BMC.

- Recycling collection and processing center, subject to additional standardsper BMC20.16.020(L)(2).

- Certaininterimhousing,per Chapter20 15ABMC

PHOTOS

PHOTOS