1135 Ellis Street

1135 Ellis St Bellingham WA 98225

Listing #: 576770 | Status: Sold | Closing Date: 10/12/2017 | Last Modified: 10/12/2017 |

For Sale

1135 Ellis St Bellingham WA 98225

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Lawrence Humes

(360) 319-1048
Larry@LarryHumes.com

Premier Properties NW

(360) 756-6630

Listing Information
Price
Listing Price$ 409,000
$/SF$ 173.89
Listing StatusSold
Days On Market426
Asset ClassOffice
Search TagsMulti-Tenant
Closed Sales Only
Actual Sold Price$ 396,000
$/SF$ 168.37
Closing Date10/12/2017
Investment Information
Investment PropYes
Gross Income$ 32,400
Vacancy Factor %0.00%
Operating Expenses$ 10,138
Net Operating Income$ 22,262
CAP Rate5.4 %
Detail Listing Information
Min Total SF2,352
Max Total SF2,352
Lease Rate Low$ 13.78
Lease Rate High$ 13.78
Heat Sourcegas
Topographyflat
Utilities
Sanitary Sewer City
Water City
Electricity MUD
Storm Sewer City
Gas Lines Unknown
Other Utilities Unknown
Retail Information
Signage Signage Freestanding
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units4
Total Building Sq/ft2,352
Net Rentable Area2,352
Total Office Sq/ft2,352
Lot Sq/ft6,615
Acres0.15
Property Type
Property TypeOffice
Office TypeMulti-Tenant
InvestmentYes
Building ClassC
Location
CountyWhatcom
Location DescriptionBellingham
Cross StreetLiberty
Market AreaWhatcom County
Tax ID #3803313794100000
Parking Information
# Uncovered Spaces14
Total Parking Spots14
Construction
Year Built1973
Roof TypeMetal
Construction TypeBrick, Metal, Wood

Public Comments: High Visibility location - Ellis & Liberty. Great office space with long term tenants. Tenants pay modified Gross/N Lease. The building is 4 individual units, each could be rented separately or together. See Floor Plans in Photos. Sep HVAC units each floor. Newer commercial metal roof. Asphalt parking lot. Bldg has been 100% occupied for last 12 years. Do not contact tenants. Current leases/expenses produce a value of 418K w/ 6% CAP.

Showing Instructions: View with discretion - - only contact the Listing Broker. No street sign. Financial detail with non-disclosure. Tenants currently have 3 year leases but may potentially vacate for new owner occupant (TBD).

Public Building Comments: High visibility location - Ellis & Liberty. The building is 4 individual units. Sep HVAC units each floor. Newer commercial metal roof. Asphalt parking lot.

Search Tags: Multi-Tenant,

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