Property Details

2363 Main St

Ferndale, WA 98248

$11,250,000

Off Market

CBA# 698649 courtesy of CBA Listing firm: Jones Lang LaSalle

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Commercial

Property Type

52,572

Bldg Sq Ft

Units

2008

Year Built

Property Overview

Outstanding opportunity to acquire Garden Grove, an apartment community located in Ferndale, WA.Built in four phases spanning 1970, 1975, 2008, and 2011, Garden Grove (the “Property or “Subject,”) is a 65-unit garden-style apartment community consisting of twelve studio units, eleven 1-bedroom 1-bathroom units, and forty-two 2-bedroom 2-bathroom units. Future investors stand to benefit from the significant updates to the Property completed by current ownership, positioning Garden Grove as a premier investment opportunity in the market. Approximately $1.2M has been spent in interior and exterior renovations since 2022, including siding work, decks, fire system upgrades, flooring, paint, and appliances.Situated on Main Street, Ferndale’s central thoroughfare, and less than a mile from In