Sold
Cap Rate
6.55%
Offering Price
$6,920,000
Year Built
2007
Building Size
18,799 SF
Price Per SF
$371/SF
Type
For Sale
Status
Sold
Location
Bellingham, WA

Investment Summary

Kidder Mathews is pleased to offer to qualified investors the opportunity to acquire the 100% fee simple interest in Barkley Crossroads retail center. This is an excellent opportunity for an investor seeking a well built, professionally managed investment with a diverse mix of tenants that provide stable cash flow. The property is strategically located off Interstate 5 at the gateway to the fast-growing Barkley neighborhood. 

Investment Highlights

EASY ACCESS, HIGH TRAFFIC RETAIL CORRIDOR

Easy accessibility off Interstate 5 exit 255, Barkley Crossroads is located just off Sunset drive with traffic counts of over 33,000 vehicles per day

WALKABLE NEIGHBORHOOD

Located near the entrance to the Barkley Neighborhood which was created in 2010 by the City of Bellingham. The 814-acre master-planned neighborhood is thoughtfully designed with a large presence of open space areas, trails and view corridors

WELL BUILT, NEWER CONSTRUCTION

Barkley Crossroads features a contemporary design and brick facade that give the property excellent curb appeal

ANNUAL RENT INCREASES

Every tenant has 2%-5% annual rent increases built into the base rent

TWO DRIVE THRU LANES

The site layout allows for two drive thru lanes adjacent to the kiosk building and corner pad building

AMPLE PARKING

1.42 acre site with an above average 5.2 parking spaces per 1,000 SF of gross leasable area

PRIMARY RETAIL CORRIDOR

Barkley Crossroads is located across the street from Lowes and Sunset Square

FAST GROWING AREA

Population within 1 mile of the property is projected to increase by 9.6% over the next 5 years

Property Summary

Offering Price
$6,920,000
CAP Rate
6.55%
Year Built
2007
Building Size
18,799 SF
Price Per SF
$371/SF
Address
1255-1263 Barkley Blvd, Bellingham, WA, 98226

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