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KC Coonc
Direct: (360) 305-9977
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Pacific Continental Realty, LLC
Main: (360) 671-4200
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FOR SALE - Listing #: 708261
Marina Building
851 - 0 Coho Way , Bellingham WA98225
Agent Remarks
Easy $70k net revenue per month. The Marina Building sits proudly on the corner of Coho Way and Roeder Ave within the Port of Bellingham’s Marina District. Actual cap rate is 7.5%, with a strong mix of regional and local tenants. 1st floor is anchored by LFS retail sales serving the marine industry, with the 2nd and 3rd floor as Class A office with secure entry served by an elevator. This 47k plus sq ft, fully sprinkled building has been meticulously upgraded and maintained with a tenant occupancy average of 9 years. Building is situated on a landlord favorable Port of Bellingham Land Lease with 36 years remaining. The math works! Abundant parking, in a walkable area with easy access to affiliated services, restaurants, trails and parks. OM is reflective of actual financials. Guardian NW T
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County
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Whatcom
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Market Area
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Not Assigned
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Tax ID #
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188110|2
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Price
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$ 11,385,000
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Property Details
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Prop Type
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Retail, Office
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# Floors
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3
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Bldg SF
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47,508
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Year Built
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1991
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Land SF
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5,982,842
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# Bldgs
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1
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Acres
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137.347151
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# Parking Spaces
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127
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Office Class
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A
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Informational Links
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