$1,950,000
1111 W Holly
Listing Type: For Sale
Property Type: Office
Status: Available
CBA ID#: 664140
1111 W Holly St
Bellingham, WA 98225

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Commercial Property

Marketing Description:

Fully leased 9,090 two story office building 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. Currently offered at a 5.85 CAP rate.

Land Features:

  • Lot Size: 14810 SqFt
  • Lot Acreage: 0.34 Acres
  • Zoning: RM

Building Features:

  • Building Size: 9090 SqFt
  • Number of Floors: 2
  • Cap Rate: 5.80%
  • Year Built: 1979
This Listing Supplied Courtesy of Windermere - Whatcom Co.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity