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851 Coho WayBellingham, WA 98225 0

$11,400,000

Commercial

Status: Active

Sqft:
Lot:1.4 acres
MLS#: 1881412

48.759071350097656-122.50338745117188

Courtesy Of Pacific Continental Realty LLC

Description:

The Marina Building sits proudly within the Port of Bellinghamâ€™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.

Main Features:

Listing Status	Active	Year Built	1991
County	Whatcom	Taxes	$50,000.00
Tax Year	2022	Rental Price	$0
Zoning	See Remarks	Subdivision	Bellingham

Additional Features:

Building Features	Elevator	CarportYN	false
CoolingYN	true	Electric Service	PSE
Exterior Features	Metal/Vinyl	Fireplaceyn	No
Flooring	Ceramic Tile	FoundationDetails	Poured Concrete
Furnished	Unfurnished	HeatingYN	true
Interior Features	Forced Air	IrrigationWaterRightsYN	false
Listing Terms	Cash Out	Loading Dock	1-3 Bays
Possession	Tenant's Rights	PossibleUse	Commercial
Roof	Flat	Survey Available	Environmental true
Topography	Level	Utilities	Sewer Connected
Water Source	Public

Extra Features:

Building Square Feet	47508	Listing Key	NWM124696155
Office Sq Ft	47508	Office Co List Name	Pacific Continental Realty LLC
Office Co List Phone	360-671-4200	Parcel Number	3802251254400099
Parking	Total Parking 127	Parking	Total Uncovered 127
Total Expenses	218630

851 Coho Way, Bellingham, WA 98225

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Last Updated On: 3/31/2023 12:19:25 PM

Dan Pittsenbarger

2211 Rimland Dr #124

Bellingham, WA 98226