Pacific Continental Realty LLC
About 851 Coho Way
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.
Features of 851 Coho Way
MLS® # | 1881412 |
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Price | $11,400,000 |
Bathrooms | 0.00 |
Acres | 1.40 |
Year Built | 1991 |
Type | Commercial Sale |
Sub-Type | Commercial Industrial |
Status | Active |
Community Information
Address | 851 Coho Way |
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Area | 860 - Bellingham |
Subdivision | Bellingham |
City | Bellingham |
County | Whatcom |
State | WA |
Zip Code | 98225 |
Amenities
Parking Spaces | 127 |
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Is Waterfront | No |
Interior
Interior Features | Forced Air, Heat Pump, Ceramic Tile, Wall to Wall Carpet |
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Fireplace | No |
Exterior
Exterior Features | Metal/Vinyl |
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Foundation | Poured Concrete, Slab |
Additional Information
Days on Market | 203 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Pacific Continental Realty LLC |
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