Provided by NWMLS, Listed by KC Coonc, Pacific Continental Realty LLC

851 Coho Way

Bellingham, WA, 98225

$11,400,000

$11,400,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1991
The Marina Building sits proudly within the Port of Bellingham’s 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.
MLS® ID:
1881412
Listed:
1/23/22
Updated:
2/6/23
Fraser Elliot Real Estate Group
The Firm Real Estate Services

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Forced Air, Heat Pump, Ceramic Tile, Wall to Wall Carpet
Floor Description
Ceramic Tile, Vinyl, Carpet

Exterior/Building Features

Lot Size
1.4 acres lot
Exterior Features
Metal/Vinyl
Architectural Style
Unspecified
Roof
Flat
Sewer
Sewer Connected

Other Property Details

Area Name
860 - Bellingham
Taxes
$50000
Tax Frequency
per YEAR
Garage
No
Parking
127
Parking Total
127.0
View
N
County
Whatcom
Utilities
Sewer Connected, Electricity Available, Natural Gas Connected
Water Source
Public
Pool
No
Buyer Agency Compensation
2%

Provided by NWMLS, Listed by KC Coonc, Pacific Continental Realty LLC

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Data last updated 12:22 PM UTC, 2/6/23

Fraser Elliot Real Estate Group
The Firm Real Estate Services
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