851 Coho Way - Office FOR SALE


Bellingham, WA 98225- Downtown Bellingham
$11,385,000 USD
360-305-9977
851 Coho Way, Bellingham, WA for Sale
$11,385,000 USD
Office - FOR SALE
1/4
null | 7.5% Cap Rate

851 Coho Way
Bellingham, WA 98225
Downtown Bellingham


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,385,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Marina Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

CWF

APN/PARCEL ID

380225-125440-0099

ASK ABOUT THIS PROPERTY

KC CooncPacific Continental Realty, LLCMore Info
360-305-9977

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KC CooncPacific Continental Realty, LLCMore Info
360-305-9977

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