Bought with Windermere Real Estate Whatcom
$1,842,800
$1,950,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 01/03/2025
Key Details
Sold Price $1,842,800
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2044549
Style 60 - Comm Bldg Und 10K
Year Built 1979
Lot Size 0.344 Acres
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
Flooring Carpet
Exterior
Exterior Feature Wood
Roof Type See Remarks
Building
Sewer Sewer Connected
Water Public
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.