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Listing Firm: The Foundation Group LLC: Erich Bubbel

Bought With: Hansen Group Real Estate Inc : Mikala Murphy

SOLD On November 18, 2024
NWMLS # 2274100

$2,487,500

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

2031 Main Street , Ferndale, WA 98248

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Buyer's Agent: Mikala Murphy • Hansen Group Real Estate Inc

Listed by: Erich Bubbel • The Foundation Group LLC

Aris360 Last Checked: 1 Minute Ago (Jun 08, 2025 10:27 AM)

  • Source: NWMLS as Distributed by MLS Grid #2274100

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Main
  • Zip/Postal Code: 98248
  • City: Ferndale

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$3,847 per month
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Property Features

  • County
    • Ferndale
  • Community
    • 870 - Ferndale/Custer
  • MLS Area
    • 870 - Ferndale/Custer
  • Longitude
    • -122.591815
  • Latitude
    • 48.846481
  • Directions
    • IPhone

  • Style
    • 75 - Retail
  • Elevation
    • Feet
  • Exterior
    • Stone
    • Wood
    • Wood Products
  • Roof
    • Composition,
  • Lot Size in Acres

    • 1

  • Water
    • Public
  • Building Total Area (Sq. Ft.)
    • 24829

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Structure Type
    • Other,
  • Year Built
    • 1960
  • Effective Year Built
    • 1960
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jun 08 2025 . 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.

Jun 08, 2025 10:27 AM