Listing Provided by Pacific Continental Realty LLC
The Marina Building sits proudly within the Port of Bellingham’s Marina District. 100% fully leased, 6.16% Cap on actuals with 3% vacancy credit loss, with a strong mix of regional and local tenants. 1st floor is anchored by LFS retail sales serving marine industry and the 2nd and 3rd floor as Class A office with secure entry served by elevator. Fully sprinkled. This 47k plus sq ft building has been meticulously upgraded and maintained with a tenant occupancy average of 6.75 years. Building is situated on a landlord favorable Port of Bellingham Land Lease with 40 years remaining. The math works! Abundant parking, in a walkable area with easy access to affiliated services, restaurants, trails and parks.
- Price:
- $11,400,000
- Acreage:
- 1.40
- Year Built:
- 1991
- Listing ID #:
- NWM1881412
- Street Address:
- 851 Coho Way
- City:
- Bellingham
- State:
- Washington
- Postal Code:
- 98225
- County:
- Whatcom
- Community:
- 860 - Bellingham
- Subdivision:
- Bellingham
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Building Condition:
- Very Good
- Exterior Description:
- Metal/Vinyl
- Features:
- Elevator, Signage Included, Sprinklered
- Flooring:
- Ceramic Tile, Vinyl, Carpet
- Foundation:
- Poured Concrete, Slab
- Furnished:
- Unfurnished
- Interior Features:
- Forced Air, Heat Pump, Ceramic Tile, Wall To Wall Carpet
- Structure:
- Unspecified
- Style:
- 61 - Comm Bldg Ovr 10k
- Type Of Roof:
- Flat
- Year Built:
- 1991
- Annual Electric Expenses:
- 3562
- Annual Insurance Expenses:
- 7161
- Net Operating Income:
- 702744
- Lot Size Units:
- Square Feet
- Lot Square Footage:
- 60785
- Suitable Use:
- Commercial
- Topography:
- Level
- On Market Date:
- 2022-01-24
- Originating Mls:
- Nwmls
- Terms:
- Cash Out, Conventional
- Subdivision:
- Bellingham
- Property Taxes:
- $50,000
- Tax Year:
- 2022
- Parking Spaces:
- 127
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Sewage Type:
- Sewer Connected
- Utilities:
- Sewer Connected, Electricity Available, Natural Gas Connected
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided by Pacific Continental Realty LLC
-
Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer.
