The subject property is sited on Hilton Avenue and the I & J Street Waterway, on Bellingham Bay, Bellingham, WA. The property is located within Bellingham’s marine industrial region which includes an array of marine-oriented companies such as ship builders, public marinas such as Squalicum Harbor marina, cruise terminals, shipping terminals, and the Alaska Ferry terminal. 1001 Hilton Avenue is situated on a 126,000-square-foot (2.89-acre) site that has been leased by Bornstein Seafoods from the Port of Bellingham since 1952. Their Bellingham facility processes and packages all manner of fish and shellfish products. The property benefits from a newly completed 170-foot concrete and steel dock, plus a 133-foot floating dock currently planned for completion in 2027. The current ground lease covers the land underlying the improvements and carries a monthly rent of $8,564, inclusive of the 12.83% Leasehold Excise Tax.