1311-1315 11th St - Storefront Retail/Residential FOR SALE


Bellingham, WA 98225- Fairhaven
$3,433,015 USD
360-961-2671
1311-1315 11th St, Bellingham, WA for Sale
$3,433,015 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 8% Cap Rate

1311-1315 11th St
Bellingham, WA 98225
Fairhaven


OVERVIEW

This is a true 8% Cap Rate based on actual #s. This reflects the single unit currently vacant plus we deducted an additional 5% vacancy rate on top of that just to keep the underwriters happy. Or, you can assume the underlying mortgage (approx $1.28M) at 4.125% FIXED for the next 5 years. That is cheap money! Don't miss this chance to own a piece of historic downtown Fairhaven. 8 street-level commercial/retail condos split between the Waldron & Young Buildings encompassing Finnegan's Alley. Multiple addresses. 91.5% occupied. Total 19,820 sq feet with 14,275 rentable. All leases include escalations and are NNN. All #s are actual, not pro-forma. 8% cap rate. View units with discretion only. Do not disturb tenants. Sale also includes some underground parking rights.

FOR SALE DETAILS

PRICE

$3,433,015 USD

PRICE/SF

$172 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waldron/Young Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

NCM

APN/PARCEL ID

370201-129074-0000

ASK ABOUT THIS PROPERTY

Patrick StarrJohn L. Scott Real EstateMore Info
360-961-2671

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Patrick StarrJohn L. Scott Real EstateMore Info
360-961-2671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.