710 Alabama St - Office FOR SALE


Bellingham, WA 98225- North Bellingham
$2,555,000 USD
206-826-5787
710 Alabama St, Bellingham, WA for Sale
$2,555,000 USD
Office - FOR SALE
1/6
null | 7.29% Cap Rate

710 Alabama St
Bellingham, WA 98225
North Bellingham


HIGHLIGHTS

  • United States Government Guarantee
  • Strong Historical Occupancy | 18+ Years
  • Mission Critical Tenant
  • Pad Development Upside
  • High Traffic, Hard Corner Location with Easy Ingress/Egress
  • Only SSA Field Office in Whatcom County | 236,000+ Residents

OVERVIEW

The Social Security Administration (SSA) is an independent agency of the United States federal government responsible for administering the nation's core social safety net, including retirement, survivors, and disability insurance programs. Operating as one of the most critical and well-funded civilian agencies in the country, the SSA distributed benefits to over 71.6 million recipients in 2023 alone. To execute its massive operational mandate, the agency relies on a nationwide network of strategically situated field offices that deliver essential face-to-face claims processing, public assistance, and administrative services to local populations across every county in the nation. Within this vital federal infrastructure, the Bellingham field office functions as the primary, dedicated SSA facility serving all of Whatcom County, Washington. The agency has operated continuously from this purpose-built, build-to-suit site since its lease commenced on October 17, 2008, reflecting more than 17 years of uninterrupted tenure. Custom-engineered to meet stringent General Services Administration (GSA) facility specifications, the building incorporates specialized security controls, optimized public circulation, and customized administrative layouts designed specifically to support high-volume agency operations in the region. Field offices with established catchments, dedicated parking, and accessible locations are rarely relocated once established — this site's continuous tenure since delivery supports renewal conviction ahead of the 10/16/2028 expiration.

FOR SALE DETAILS

PRICE

$2,555,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Social Security Administration

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C

APN/PARCEL ID

380319-522070-0000

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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