905 Squalicum Way
Bellingham WA 98225
Squalicum Lofts
905 Squalicum Way Bellingham WA 98225
Listing #: 711720 | Status: Available | Last Modified: 4/20/2026 |
For Sale
- Phone:(360) 319-8358
- Email:jajohnson@windermere.com
- Office Name:Windermere - Whatcom Co.
- Office Phone:(360) 676-5900
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,300,000.0
- Listing StatusAvailable
- Days on Market16
- Asset ClassOffice
- Terms
- CondoYes
- Condo $/SF428
- Condo SF7,700
- Condo Parcel #
- Condo Fees
- Investment Type
- Investment PropYes
- Gross Income188,498
- Vacancy Factor %0.00%
- Operating Expenses15,153
- Net Operating Income173,345
- CAP Rate 5.25 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units0
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13280
- Net Rentable Area11376
- Total Office SF
- Largest Contiguous SF
- Lot SF12850
- Acres0.29
- Property TypeIndustrial
- Office Type
- Building Class
- CountyWhatcom
- VicinityTotem
- Location DescriptionNext to Squalicum Park.
- Second Address
- Cross StreetI-5 to Meridian south. Rt on Squalicum Way past West Street.
- Market AreaWhatcom County
- Tax ID #172253
- Additional Parcels380224115196, 3802241151960001, 3802241151960002, 3802241151960003, 3802241151960004, 3802241151960011
- ZoningI
- Year Built2010
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction Type
Squalicum Lofts Condominiums Leased Investment
Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology. A very stable single tenant history with a NNN lease at below market rents. The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes. The Base Rent has 2% annual increases for the initial 5 year term. One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.
Condo Office/Retail/WH W/mezzanine in Superb Location near Bellingham waterfront, I-5 downtown and next to Squalicum Cr. Park. Storefronts, radiant heat, internet access,16Wx14H grade level doors, security gate (6am to 10pm).
Industrial/Office
