$1,950,000
Pending

1111 W Holly Street

Bellingham, WA 98225
Listing OfficeWindermere Real Estate Whatcom
Browse 31 photos
Type:Purchase
Structure:Industrial
Zone:Commercial

Description

Fully leased 9,090 two story office building with secure parking garage and wide open views south across Bellingham Bay offered at 5.8% cap rate. This office building has been cared for by an attentive owner and is in terrific condition with newer paint, membrane roof, extensive interior remodeling and independent HVAC in each suite. Recent PSE audit added all LED lights for efficiency. Tenant mix is a very good cross section providing insulation against shifting market conditions. Building enjoys 27 total parking spaces, 18 of which are in the secured parking garage, along with several parking spaces on the street. The location of this building cannot be beat given its proximity to downtown, the waterfront and the core neighborhoods.

  • Property Details
      • Style60 - Comm Bldg Und 10K
      • Property SubtypeCommercial Industrial
      • InteriorWall to Wall Carpet
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Date ListedMarch 13, 2023
      • Structure TypeUnspecified
      • Original List Price$2,050,000
      • Property TypePurchase
      • SubdivisionDowntown
      • CountyWhatcom
      • MLS #2044549
      • Cost1950000
      • MLS #2044549
      • Acres0.3444
      • Utility SourcePublic
      • Exterior MaterialsWood
      • Year Built1979
      • Property ConditionGood
      • Days on Market (Cumulative)606
Sarah-Cate DavisReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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