851 Coho Way
Bellingham WA 98225

Marina Building

851 Coho Way Bellingham WA 98225

Listing #: 708261 | Status: Available | Last Modified: 4/29/2026 |

For Sale
KC Coonc
  • Phone:(360) 305-9977
  • Email:kc@pcrnw.com
  • Office Name:Pacific Continental Realty, LLC
  • Office Phone:(360) 671-4200
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 11,385,000.0
  • $/SF$ 239.6
  • Listing StatusAvailable
  • Days on Market86
  • Asset ClassRetail, Office
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 7.50 %
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 Buildings1
  • # of Floors3
  • # of Units
  • # of Elevators1
  • A/CYes
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF47508
  • Net Rentable Area47508
  • Total Office SF47508
  • Largest Contiguous SF1400
  • Lot SF5982842
  • Acres137.35
Property Type
  • Property TypeOffice
  • Office TypeMulti-Tenant
  • Building ClassA
Location
  • CountyWhatcom
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetRoeder Ave.
  • Market AreaNot Assigned
  • Tax ID #188110|2
  • Additional Parcels3802251254400000, 380225130445
  • ZoningHII
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces127
  • Total Parking Spots127
  • Parking Ratio
Construction
  • Year Built1991
  • Year Renovated
  • Completion Date
  • Roof Type
  • SprinklersYes
  • Construction TypeConcrete, Steel

Marina Building

Public Comments

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. Please do not disturb tenants.

Public Building Comments

Office spaces with gorgeous Bay views. Each suite has a window that opens. Ample parking. Wired for high speed internet. Gas/electricity separately metered. Great working environment. Elevator access & stair access to 3rd floor. Key security system. With

Listing Images