485 W Horton Road, Bellingham, WA 98226

$1,450,000

Listing courtesy of Muljat Group. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$1,450,000
List Price
$1,795,000
Status
SOLD
MLS#
1545198
Closing Date
Dec 10, 2020
Days on Market
112
Annual Tax Ammount
8380

Property Description

Quality office building ready for move-in! This custom-built office building was constructed with the highest quality materials. The building has large, custom offices, reception area, bathrooms and industrial workshop with loading door. Truly a unique office building for an owner-user or investor looking to add a quality property to their portfolio. The cordata office building is well-located and suited for office or medical uses. Don’t miss this great opportunity.

Additional Information

Community
Cordata
Style
73 - Office
Year Built
2002
# of Assigned Spaces
17
Roof
Composition, Metal
Tax Year
2019
Potential Terms
Cash Out, Conventional
Interior Features
Concrete, Hardwood
Flooring
Concrete, Hardwood, Slate
Driving Directions
From I5, head North on the Guide Meridian, take a left on Horton Rd. Property will be on left hand side.
Other Expenses
2406
Net Operating Income
$117,893
Gross Adjusted Income
$120,299
Gross Scheduled Income
$126,630
Cap Rate
6.57
Vacancy Rate
5
Total Expenses
$2,406
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