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Property Description

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.

Listing courtesy of
Pacific Continental Realty LLC
Features
: 1
: 1
: Flat
: 127
: Unfurnished
: High Efficiency - 90%+, Storage, Dining Room, Walk-in Closet(s)
: Metal/vinyl
: Baseboard, Other-see Remarks
: Electricity Available, Sewer Connected, Natural Gas Connected
: Ceramic Tile, Vinyl, Carpet
: Electric, Natural Gas
: Poured Concrete, Slab
: Level
: Very Good
: Commercial
: Cash Out, Conventional
: Electric, Natural Gas
: Sewer Connected
Address Map
US
WA
Whatcom
Bellingham
98225
Coho
851
0
W123° 29' 47.8''
N48° 45' 32.7''
Way
0
Roeder Avenue to Coho Way. Property is situated on the corner of Roeder and Coho
Taxes
2022
$50,000
Additional Information
KC Coonc
$0
$0
Monthly
1194058
NWM6317
28/01/2022 19:07:10
: Public
: Cob
1
: Sprinklered, Elevator, Signage Included
860 - Bellingham
0
Active
NWM24494

Commercial Sale For Sale

851 Coho, Bellingham, Washington 98225

0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 65 in 1426 days
$11,400,000
Listing ID #NWM1881412
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NWM1881412
Price : $11,400,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1991
Lot Area : 1.40 Sqft
Structure Type : Unspecified
Status : Active
Total Bathrooms : 0
Community : Bellingham
Property Sub Type : Commercial Industrial
Agent info
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