1700 - 1780 Iowa St
Bellingham WA 98229

Iowa Business Center

1700 - 1780 Iowa St Bellingham WA 98229

Listing #: 675091 | Status: Available | Last Modified: 4/30/2024 |

For Sale
Jim Bjerke
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 8,400,000.0
  • $/SF$ 267.0
  • Listing StatusAvailable
  • Days on Market159
  • Asset ClassRetail, Office
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.14 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings3
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF31457
  • Net Rentable Area31457
  • Total Office SF9742
  • Largest Contiguous SF1865
  • Lot SF99007
  • Acres2.27
Property Type
  • Property TypeRetail
  • Office TypeOther
  • Building ClassB
Location
  • CountyWhatcom
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaWhatcom County
  • Tax ID #3803293293900000
  • Additional Parcels380329329390
  • ZoningI
Construction
  • Year Built1977
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeConcrete

Iowa Business Park

Public Comments

Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking, excellent visibility, easy access to I-5, & downtown Bellingham. This 18-unit center has a very high historical occupancy with many long-term tenants. Base rents range from $12.95 to $18.13 psf plus nnn leaving room for resetting rents upon tenant turnover. The property has been professionally managed and maintained by PCR for the last 18 years and is good condition for the next investor to stay the course or create a new vision for the Center.

Public Building Comments

Central location, ample parking and close to I-5 exits.

Listing Images