$11,400,000
For Sale

851 Coho Way

Bellingham, WA 98225
Courtesy of Pacific Continental Realty LLC
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Description

The Marina Building sits proudly within the Port of Bellingham’s Marina District. 100% fully leased, 6.16% Cap on actuals with 3% vacancy credit loss, with a strong mix of regional and local tenants. 1st floor is anchored by LFS retail sales serving marine industry and the 2nd and 3rd floor as Class A office with secure entry served by elevator. Fully sprinkled. This 47k plus sq ft building has been meticulously upgraded and maintained with a tenant occupancy average of 6.75 years. Building is situated on a landlord favorable Port of Bellingham Land Lease with 40 years remaining. The math works!Abundant parking, in a walkable area with easy access to affiliated services, restaurants, trails and parks.
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  • Interior Details
    • Interior Features
      • Interior:Forced Air, Heat Pump, Ceramic Tile, Wall to Wall Carpet
  • Property Details
    • Property
      • Exterior materials:Metal/Vinyl
    • Measurements
      • Acres:1.3954
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Architectural style:61 - Comm Bldg Ovr 10K
    • Condition
      • Year built:1991
    • Material information
      • Foundation:Poured Concrete, Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Sewer Connected
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • County:Whatcom
    • Community
      • Subdivision:Bellingham
  • Financial Details
    • Pricing Details
      • Buying Agency Compensation:2%
      • Original List Price:$11, 400, 000
      • Annual taxes:$50, 000
      • Days on Market (Cumulative):498
  • Other
    • Source
      • MLS #:1881412

Location

Alysha RufReal Estate Group
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