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1200 Lakeway Dr 6,004 SF 100% Leased Office Building Bellingham, WA 98229 $2,600,791 CAD ($433.18 CAD/SF) 5% Cap Rate



Executive Summary
Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained, fully occupied building features a recently remodeled interior and is leased to nine established tenants, primarily consisting of medical and wellness professionals. Current occupants include acupuncture, massage therapy, counseling services, and other healthcare-related providers, creating a cohesive and highly desirable tenant mix. With 100% occupancy and all units leased, the property offers immediate and stable cash flow with no current vacancy. The strong concentration of healthcare and wellness tenants supports long-term occupancy and investment stability. The property benefits from exceptional exposure along Lakeway Drive with daily traffic counts exceeding 30,000 vehicles. A valuable parking easement to the south enhances accessibility and convenience for both clients and staff. Situated in a thriving commercial corridor with strong surrounding retail and service businesses, this property presents an outstanding opportunity for investors seeking dependable income and long-term appreciation potential. Excellent visibility, strong tenant retention, stable income history, and a fully occupied tenant roster make this a standout commercial investment opportunity.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
6,004 SF
Building Class
B
Year Built/Renovated
1979/1981
Price
$2,600,791 CAD
Price Per SF
$433.18 CAD
Cap Rate
5%
NOI
$130,040 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,002 SF
Building FAR
0.63
Lot Size
0.22 AC
Zoning
PC - Prime commercial investment opportunity in the high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maint
Amenities
- Signage
- Skylights
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Azam Nader
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Azam Nader | - | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 380332-123506-0000 | Improvements Assessment | $629,286 CAD |
| Land Assessment | $610,319 CAD | Total Assessment | $1,239,605 CAD |
Property Taxes
Parcel Number
380332-123506-0000
Land Assessment
$610,319 CAD
Improvements Assessment
$629,286 CAD
Total Assessment
$1,239,605 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Sun-Mark Properties Inc
1200 Lakeway Dr
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