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Marina Building

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Marina Building

851 Coho Way, Bellingham, WA 98225
Retail,Office For Sale Available Built 1991 3 floors Zoning: HII
Asking Price
$11,385,000
Total Building47,508 SF
Land60,766 SF land
Parking Total127
& Uncov.
ConstructionConcrete,Steel
MarketWhatcom County
CountyWhatcom

Read Overview
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Overview

Property ID
161601
Listing ID
708261
Type
Office
Asset Class
Retail,Office
Zoning
HII

Description

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.

Listing Courtesy of:

KC
KC Coonc
Pacific Continental Realty, LLC
114 West Magnolia St. Ste. 201,
Bellingham, WA 98225
State: WA City: Bellingham ZIP: 98225 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.