OFFERING MEMORANDUM

Fully Entitled Multi-Family Land

Silver Hawk / Cooper Village

La Bounty Road Ferndale, Washington

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PROPERTY DATA


Total Lot Size

24.99 Acres

Zoning


Multi-Family

Parcel ID:

3902333443050000

3902333372320000


Retail F&B

7,600 sq ft


Commercial Lot

10k - 35k sq ft*


BUILDING DATA


Stories

2/3/4

Units

310


246

Multi-Family Units


Townhomes

50



Live/work Units

14


Parking/Surface

515

Property Highlights

Fully Permitted Planned Unit Development Site

Approved and issued Land Use Permits, including Preliminary Plat and PUD (Planned Unit Development) approval. Including preliminary building plans, civil drawings and critical areas mitigation drawings. Our civil plans have been prepared by a licensed engineer and include an engineer's cost estimate.

Long-Term Cash Flow Acquisition

Multiple options for long-term cash flow and/or develop and sale opportunities.

Central Location

Set between Bellingham and Ferndale on the I-5 corridor in Whatcom County, WA.

Existing Demand & Rental Upside

Whatcom County is a rapidly growing community where housing is not keeping pace with the demand. Home availability is low and vacancy rates are low.

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Offering Summary

Cooper Village offers fully entitled land for sale. Situated off La Bounty Road in Ferndale, WA, stands at the heart of Whatcom County's fastest-growing area. Upon completion, the proposed development will include a mix of 310 housing units, comprising 246 multi-family units, 50 townhomes, and 14 townhome live/work units. The project received full permitting on August 29, 2024, with civil design and subsequent permitting to follow.

The development includes 515 parking spaces, extensive walking trails, and green spaces for residents' recreational use. Additionally, a commercial space within the project may accommodate recreational vehicle storage, individual storage units, or other uses supporting the community. Plans also earmark space for a community building or amenities such as pickleball courts.

With entitlement work concluded, this property offers a turnkey development opportunity, significantly reducing the time to market.

GEOGRAPHICAL ASSETS


Mt. Baker

Galbraith Mountain


Bellingham Bay


San Juan Islands


TRAVEL


Bellingham Airport

Vancouver Airport


Amtrack


Ferry Network


ENTERTAINMENT


Mt. Baker Theatre

Art Galleries


World Class Mountain Biking



Farmers’ Markets


Kayaking and Boating

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