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Listed by:John L. Scott Bellingham • Patrick Starr

$3,433,015

Est. payment - /mo

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0.33 Acres Lot

Active

13111327 11th ST Bellingham, WA 98225

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Fairhaven

MLS Listing ID 2504134

Style 61 - Comm Bldg Ovr 10K

HOA Fees $1

Year Built 2008

Lot Size 0.328 Acres

Property Sub-Type Commercial Industrial

Property Description

Huge price reduction gives you a true 8% Cap Rate based on actual #s. This reflects the single unit currently vacant plus we deducted an additional 5% vacancy rate on top of that just to keep the underwriters happy. Or, you can assume the underlying mortgage (approx $1.28M) at 4.125% FIXED for the next 5 years. That is cheap money! Don't miss this chance to own a piece of historic downtown Fairhaven. 8 street-level commercial/retail condos split between the Waldron & Young Buildings encompassing Finnegan's Alley. Multiple addresses. 91.5% occupied. Total 19,820 sq feet with 14,275 rentable. All leases include escalations and are NNN. All #s are actual, not pro-forma. 8% cap rate. View units with discretion only. Do not disturb tenants. Sale also includes some underground parking rights.

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Fireplace false

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Amenities & Attractions

Event Planning & Services

Genaro Photography

113 S 41st St, Bellingham, WA 98229

Event Photography Phone: 360-389-6616

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