MARINA BUILDING Featured

Marina Building, 851 Coho Way, Bellingham, WA 98225, USA

For Sale

Sale Price: $11,400,000

CBA #: 29570435

NWMLS #: 1881412

The Marina Building sits proudly within the Port of Bellingham’s Marina District. 100% fully leased, 6.16% Cap on actuals, 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. 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. Limited tour available prior to offer submission. OM is reflective of actual financials. Full financial information including building inspection available upon accepted offer.

 

 

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