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Listing Provided by Pacific Continental Realty LLC  
$11,400,000
851 Coho Way, Bellingham, WA 98225
0 Beds
0 Baths
n/a SqFt

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Listing Provided by Pacific Continental Realty LLC  
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.
  • Price:
  • $11,400,000
  • Acreage:
  • 1.40
  • Year Built:
  • 1991
  • Listing ID #:
  • NWM1881412
  • Street Address:
  • 851 Coho Way
  • City:
  • Bellingham
  • State:
  • Washington
  • Postal Code:
  • 98225
  • County:
  • Whatcom
  • Community:
  • 860 - Bellingham
  • Subdivision:
  • Bellingham
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Condition:
  • Very Good
  • Exterior Description:
  • Metal/Vinyl
  • Features:
  • Elevator, Signage Included, Sprinklered
  • Flooring:
  • Ceramic Tile, Vinyl, Carpet
  • Foundation:
  • Poured Concrete, Slab
  • Furnished:
  • Unfurnished
  • Interior Features:
  • Forced Air, Heat Pump, Ceramic Tile, Wall To Wall Carpet
  • Structure:
  • Unspecified
  • Style:
  • 61 - Comm Bldg Ovr 10k
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1991
  • Annual Electric Expenses:
  • 3562
  • Annual Insurance Expenses:
  • 7161
  • Net Operating Income:
  • 702744
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 60785
  • Suitable Use:
  • Commercial
  • Topography:
  • Level
  • On Market Date:
  • 2022-01-24
  • Originating Mls:
  • Nwmls
  • Terms:
  • Cash Out, Conventional
  • Subdivision:
  • Bellingham
  • Property Taxes:
  • $50,000
  • Tax Year:
  • 2022
  • Parking Spaces:
  • 127
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Sewage Type:
  • Sewer Connected
  • Utilities:
  • Sewer Connected, Electricity Available, Natural Gas Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Pacific Continental Realty LLC
  • Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer. WANWMLS