Pending

$3,433,015

0 Beds 0 Baths 0 SQFT 0.33 Acres

Type: Pending

13111327 11th Street
Bellingham, WA 98225

MLS#: 2504134

Presented by: John L. Scott Bellingham and NWMLS

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.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

Heating Y/NNo

Total Fireplaces0

General

Assoc Fee Paid PerNot Applicable

Building Area Units0 sqft

Cap Rate6.75

Carport Y/NNo

CityBellingham

CountyWhatcom

DirectionsI5 exit to Old Fairhaven Parkway. Right on 12th. Properties on left.

HOAYes

HOA Fee$1

Listing TermsAssumable, Cash, Conventional

Living Area0 sqft

Lot Size Square Feet14,275 sqft

Lot Size UnitsSquare Feet

MLS Area860 - Bellingham

NWM_ShowMapLinkY

Net Operating Income297977

Number Of Units Total0

PossessionSubject To Tenant Rights

Possible UseBusiness, Commercial, Office, Retail

Property Style61 - Comm Bldg Ovr 10K

Property SubtypeCommercial Industrial

Property TypeCommercial Sale

Public RemarksHuge 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 un

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusPending

StatusPending Feasibility

Structure TypeUnspecified

Subdivision NameFairhaven

Water CompanyCity

Year Built2008

Zoning DescriptionBusiness, Commercial, Office, Retail

Exterior

Building Area Total0 sqft

Irrigation Water Rights Y/NNo

Lot Size Acres0.3277

Total Parking0

Water SourcePublic

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$3,433,015

0 Beds 0 Baths 0 SQFT 0.33 Acres

Type: Pending

13111327 11th Street
Bellingham, WA 98225

MLS#: 2504134

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Property

$3,433,015

13111327 11th StreetBellingham, WA 98225

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$3,433,015

13111327 11th StreetBellingham, WA 98225

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13111327 11th Street
Bellingham, WA 98225

13111327 11th Street
Bellingham, WA 98225