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1111 W Holly Street

Bellingham, WA 98225
  • $1,950,000
  • STATUS: Active
  • ID#: 2044549
UPDATED: 137 min ago
$1,950,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Windermere Real Estate Whatcom.
Mortgage Calculator is provided by BoomTown.

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-22T18:47:58.737. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-22T18:47:58.737. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.iconrealestategroup.com/homes/137685873
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1111 W Holly Street Bellingham, WA 98225

  • Price: $1,950,000
  • Status: Active
  • On Site: Days
  • Updated: 137 min ago
  • ID#: 2044549
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1979
Built
Neighborhood:
Downtown
County:
Whatcom
Area:
Bellingham
Property 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.
Exterior Features

Carport YN No Construction Methods Standard Frame Covered Spaces 18 Exterior Features Wood Lot Size Dimensions 150*100 Open Parking YN No Parking Total 27 Roof See Remarks Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Sloped

Interior Features

Building Area Total 0 Cooling Wall Unit(s) Cooling YN Yes Fireplace YN No Flooring Carpet Heating BaseboardHeat Pump Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 113132 Possession ClosingTenant's Rights Possible Use Commercial Power Company PSE Power Production Type Electric Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company COB Short Term Rental YN No Special Listing Conditions None Tax Year 2022 Water Company COB Water Source Public Zoning Class Commercial Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-22T18:47:58.737. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-22T18:47:58.737. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_2_2044549-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_2_2044549-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_2_2044549-1.jpg
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Icon Group
11223 SE 248th Street
Kent WA, 98030
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Windermere Real Estate Whatcom.
Mortgage Calculator is provided by BoomTown.