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Listed by:Pacific Continental Realty LLC • KC Coonc
$11,385,000
Est. payment /mo
Active
851 Coho WAY Bellingham, WA 98225
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2477027
Style 61 - Comm Bldg Ovr 10K
Year Built 1991
Property Sub-Type Commercial Industrial
Property 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.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Fireplace false
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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