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851 Coho Way

Bellingham, WA 98225
  • $11,400,000
  • STATUS: Active
  • ON SITE: 158 Days
  • ID#: 1881412
UPDATED: 72 min ago
$11,400,000
  • 0
    BEDS
  • 1.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1991
County:
Area:

School Ratings & Info

Northwest MLS logoListing Courtesy of Pacific Continental Realty Llc.

Description

The Marina Building sits proudly within the Port of Bellinghams 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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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-07-02T10:15:10.483.

www.nwhomeexperts.com/homes/125019556
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851 Coho Way Bellingham, WA 98225

  • Price: $11,400,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 72 min ago
  • ID#: 1881412
0
Beds
0
Baths
0
½ Baths
1.4
Acres
1991
Built
Neighborhood:
Bellingham
County:
Whatcom
Area:
Bellingham
Property Description
The Marina Building sits proudly within the Port of Bellinghams 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.
Exterior Features

Carport YN No Exterior Features Metal/Vinyl Open Parking YN No Parking Total 127 Roof Flat Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

Interior Features

Building Area Total 0 Cooling YN Yes Fireplace YN No Flooring Ceramic TileVinylCarpet Furnished Unfurnished Heating Cooling Type Forced AirHeat Pump Heating YN Yes Interior Features Forced AirHeat PumpCeramic TileWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 148 Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 702744 Possession Tenant's Rights Possible Use Commercial Power Company Pse Power Production Type ElectricNatural Gas Property Condition Very Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Cob Special Listing Conditions None Tax Annual Amount 50000 Tax Year 2022 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company Cob Water Source Public Year Built Effective 1991 Zoning Class Commercial Zoning Jurisdiction See Remarks

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-07-02T10:15:10.483.

 
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2211 Elliott Avenue Suite 200
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Northwest MLS logoListing Courtesy of Pacific Continental Realty Llc.