Prepared by https://www.commercialmls.com
851 Coho Way Bellingham WA 98225
Listing #: 708261 | Status: Available | Last Modified: 4/29/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 7.50 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Elevators | 1 |
| A/C | Yes |
| Total Building SF | 47,508 SF |
| Net Rentable Area | 47,508 SF |
| Total Office SF | 47,508 SF |
| Largest Contiguous SF | 1,400 SF |
| Lot SF | 5,982,842 SF |
| Acres | 137.35 |
| Year Built | 1991 |
| Sprinklers | Yes |
| Construction Type | Concrete, Steel |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Multi-Tenant |
| Building Class | A |
| Location | |
|---|---|
| County | Whatcom |
| Cross Street | Roeder Ave. |
| Market Area | Not Assigned |
| Tax ID # | 188110|2 |
| Zoning | HII |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 127 |
| Total Parking Spots | 127 |
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.
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
Marina Building
851 Coho Way Bellingham WA 98225
Listing #: 708261 | Status: Available | Listing Date: 2/5/2026 | Last Modified: 4/29/2026 | Email Listing







