1700 Iowa, Bellingham, WA 98225
- $8,400,000
Listing courtesy of Pacific Continental Realty LLC.
- List Price
- $8,400,000
- Status
- ACTIVE
- MLS#
- 2185304
- Days on Market
- 79
Property Description
Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking, excellent visibility, easy access to I-5, & downtown Bellingham. This 18-unit center has a very high historical occupancy with many long-term tenants. Base rents range from $12.95 to $18.13 psf plus nnn leaving room for resetting rents upon tenant turnover. The property has been professionally managed and maintained by PCR for the last 18 years and is good condition for the next investor to stay the course or create a new vision for the Center.
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Additional Information
- Community
- Roosevelt
- Building Condition
- Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1979
- Driving Directions
- Iowa Street exit, East on Iowa Street. Property on right after Pacific Street intersection
- Energy Source
- Electric
- Buyer Agency Compensation
- 2.5
- Cap Rate
- 6.14
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