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Listed by Windermere Real Estate Whatcom
$1,950,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
11/14/2024 04:15 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Pending
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2044549
Style 60 - Comm Bldg Und 10K
Year Built 1979
Lot Size 0.344 Acres
Lot Dimensions 150*100
Property Description
Fully leased 9,090 two story office building with secure parking garage and wide open views south across Bellingham Bay offered at 5.8% cap rate. This office building has been cared for by an attentive owner and is in terrific condition with newer paint, membrane roof, extensive interior remodeling and independent HVAC in each suite. Recent PSE audit added all LED lights for efficiency. Tenant mix is a very good cross section providing insulation against shifting market conditions. Building enjoys 27 total parking spaces, 18 of which are in the secured parking garage, along with several parking spaces on the street. The location of this building cannot be beat given its proximity to downtown, the waterfront and the core neighborhoods.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Wall to Wall Carpet
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Wood
Roof Type See Remarks
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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