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851 Coho Way
Bellingham, WA 98225

$11,400,000
Listing Courtesy of: Pacific Continental Realty LLC
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Listing Details

  • $11,400,000
  • MLS# 1881412
  • Type Commercial - Business
  • Status Active
  • 1.395 acres
    Lot Size
  • 1991
    Year Built

Listed By

Agency Name: Pacific Continental Realty LLC
Agency Phone: 360-671-4200

Shown By

Agency Title: Coldwell Banker Bain
Agency Phone:

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Home Value Estimate


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...read more

Features

  • $50,000 Taxes
  • Public
  • Built in 1991

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