1111 Holly St, Bellingham, WA 98225
9,090 SF | 100% Leased | Office Building | Bellingham, WA 98225 | $1,950,000 ($215/SF) | 5.80% Cap Rate
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,950,000
- Property Type
-
Office
- Square Feet
- 9,090 SF
- Price / Square Foot
- $215
Listing Contacts
Jason Loeb
Verified Profile
- Property Info
Property Overview
Fully leased 9,090 two story office building offered at a 5.8% cap rate, with secure parking garage and wide open views south across Bellingham Bay. 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 heating and cooling in each suite. Recent PSE audit added all LED lights for efficient operation. 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
- Class
- C
- Year Built
- 1976
- Stories
- 2
- Lot Size (sq. ft)
- 14,810 SF
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