FOR LEASE. - Ferndale Crossings Portal Way, Ferndale, WA. Prime Retail Space in Ferndale at I-5 Exit 263

Transcription

1 FOR LEASE - Ferndale Crossings Portal Way, Ferndale, WA Prime Retail Space in Ferndale at I-5 Exit 263 New Construction - Flexible Layout Options Building B: 1,500-7,500 SF Building C: 1,500-7,500 SF Prime location at Exit 263 of Interstate 5 Excellent visibility and accessibility from I-5 s 40,000+ daily vehicle traffic count 8,450 and rapidly increasing daily vehicle traffic count Easy access from Portal Way, 2nd Avenue and Thornton Street Exceeding projections of current tenants Quality new construction with flexible layout and interior design options Next to Ferndale city park and on popular biking/hiking trail Across street from Cruisin Coffee Property # W. Magnolia Street, Suite 201, Bellingham, WA For information contact: Scott Walker or Jim Bjerke (360) ex 102 scott@pacificcontinentalrealty.com jim@pacificcontinentalrealty.com 2018/04

2 Project Overview Ferndale Crossings is a 28,000 square foot phased retail/commercial center on 2.88 acres located immediately west of Interstate 5 at Exit 263, now the most convenient route to downtown Ferndale and its most populace residential neighborhoods. The center is 13.6 miles south of the Canadian border and the 2.6+ million residents living in lower mainland British Columbia, and 10 minutes north of Bellingham, the largest city in northwest Washington. When complete, the center will consist of four buildings designed with a railroad imagery theme. The parking areas, two points of access and site improvements in phase one and a portion of phase two have been finished. Building A was the first to be completed and fully occupied by Anytime Fitness and an Edaleen Dairy Store. The second building was very recently completed and is fully occupied by Custom Prescription Shoppe pharmacy. The third and fourth buildings, designated as Buildings B and C, are each planned to have a footprint of 7,500 square feet and to be divisible into 1,500 square foot increments or multiples, although there is some flexibility. Construction of the balance of the site improvements and these two buildings will commence once tenants for a minimum of 3,000 square feet for each building are committed. Ferndale Crossings will be a highly successful location for a wide variety of retail, a microbrewery/tap room, a spa/salon, a family restaurant and/or a fast-food enterprise, as well as medical, dental, chiropractic and/or other professional offices.

3 Current Tenants Edaleen Dairy Store Custom Rx Shoppe Pharmacy Anytime Fitness

4 New Construction - Flexible Layout Options Layout Options New construction, from 1,500 SF up to 7,500 SF Construction to begin once acceptable tenants for at least 3,000 SF are obtained Flexible layout and interior design options Tenant improvement allowance Center will consist of four buildings with a railroad imagery theme Focal Point for Ferndale, forming a bridge between its districts

5 28,000 SF Phased Retail Center Building B: 1,500-7,500 SF Building C: 1,500-7,500 SF Approved for 7,500 SF Construction to begin upon 3,000+ SF Lease Building is divisible into 1,500 SF spaces. Building C 7,500 SF Custom Rx Shoppe Pharmacy Building B 7,500 SF Building A Anytime Fitness Edaleen Dairy

6 Ferndale Crossings is equipped with strong demographics in the immediate area that support the location and make it a great place to operate your business. Demographics Total Population 5 Min Drive Time 5,100 7,015 8,438 9, ,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4, ,100 7,015 8,438 9,253 Total Population 10 Min Drive Time 60,000 55,000 50,000 45,000 40,000 35,000 28,021 34,492 40,955 44, ,000 25, ,021 34,492 40,955 44,436 U.S. - Canadian Border Ferndale Bellingham

7 Future Traffic At Ferndale Crossings The residential area of Ferndale is expanding to the north, increasingly farther from the downtown area. The growth has also produced a major increase in traffic, which has created a serious bottleneck on Main Street on both sides of the Nooksack River. To alleviate this problem, the City of Ferndale has planned for several years to improve Thornton Road and to have traffic heading to and from Interstate 5 use Thornton Road as the primary connector to the residential areas. Funding for the improvements to Thornton Road, including for the overpass above the railroad tracks, has been approved, with the construction of those improvements to follow. As the map below shows, Ferndale Crossings will be a huge beneficiary of that change, as will the businesses that choose this as their location. Thornton Road Improvements:

8 Ferndale Crossings 5905 Portal Way, Ferndale, WA Exit 263 Property Presented By: 114 W. Magnolia Street, Suite 201, Bellingham, WA For information contact: Scott Walker or Jim Bjerke (360) ex 102