Property Details

1655 Main St

Ferndale, WA 98248

$16,350,000

Available

CBA# 689797 courtesy of CBA Listing firm: Pacific Continental Realty, LLC

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Commercial

Property Type

39,299

Bldg Sq Ft

Units

5.00%

Cap Rate

Property Overview

New construction multifamily property completed in April of 2024. This shiny new 66-unit building has 38 studios, 12 loft studios, 4 live/work studios, 2 live/work two-bedroom, 6 two-bedroom, 4 two-bedroom lofts, 70 parking spaces. The property is in Ferndale, just a few minutes from Bellingham, next to the WTA Bus Depot and Kid’s World Early Learning Center. Ferndale’s demand for new apartment units was off the charts for these units. Each unit has air conditioning, stack washer/dryers, laminate flooring, large windows, and efficient floor plans. The building design boasts spacious common areas that are enjoyed by the tenants. Professionally managed by PCR.