1479 W Smith Road, Ferndale, WA 98248
- $2,760,000
Listing courtesy of COMPASS.
- List Price
- $2,760,000
- Status
- ACTIVE
- MLS#
- 2499846
- Days on Market
- 118
- Annual Tax Ammount
- 19160
- Internet Provider
- Xfinity
Property Description
Discover an exceptional investment opportunity with this pristine storage facility in Ferndale, ideally located just off Smith Road and moments from I-5 for unbeatable visibility and accessibility. Built in 2021, this modern complex features 120 meticulously maintained storage units, a versatile office space (approx. 544 sq. ft.), and a stylish condo (approx. 1,095 sq. ft.)—perfect for onsite living, renting, or housing a manager to oversee operations. The property includes a spacious 2-car garage (approx. 700 sq. ft.) and is fully gated with top-tier security, ensuring peace of mind for both you and your tenants. With impressively low vacancy rates and significant upside potential, this facility offers excellent income growth opportunities through self-management, flexible rental strategies, or enhanced operational efficiencies. Whether you're an investor, an entrepreneur, or someone seeking a live-work opportunity, this near-new complex offers the perfect blend of convenience, security, and growth potential. Don’t miss this rare chance to own a high-demand property in a thriving location!
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Additional Information
- Community
- Ferndale
- Building Condition
- Very Good
- Style
- 71 - Light Indrl.
- Year Built
- 2021
- # of Assigned Spaces
- 4
- Roof
- Composition, Metal
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Carpet
- Driving Directions
- From the Slater Road exit (Exit 260) to W Smith Rd, take I-5 to Exit 260, go east on Slater Rd, turn left (north) onto Pacific Hwy, and then turn right (east) onto W Smith Rd.
- Electric Expenses
- 4653
- Other Expenses
- 64690
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $138,073
- Gross Adjusted Income
- $237,864
- Gross Scheduled Income
- $240,402
- Water/Sewer/Garbage Expenses
- $5,012
- Cap Rate
- 5
- Vacancy Rate
- 11
- Total Expenses
- $99,791
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.