Log In/Sign Up
Your email has been sent.
1211 Granary Ave 57,000 SF 100% Leased Office Building Bellingham, WA 98225 $20,778,599 CAD ($364.54 CAD/SF) 5.62% Cap Rate
Investment Highlights
- Premier location in Bellingham's burgeoning Waterfront District
- All building systems and roof replaced in 2019 renovation
Executive Summary
CBRE is pleased to present to qualified principals, the opportunity to acquire the Granary Building, an exceptional 38,315 SF waterfront retail and office mixed-use asset. The structure, a mainstay of Bellingham commerce for over 100 years has been extensively and lovingly remodeled to today’s exacting standards. Benefiting from a strategic “anchor” location within the Waterfront District, and proximate to downtown, the asset is well-situated to contribute and benefit from the dynamic Bellingham economy for the next generation.
Reach out to broker for additional information and access to the Offering Memorandum!
Reach out to broker for additional information and access to the Offering Memorandum!
Property Facts
Sale Type
Investment
Property Type
Building Size
57,000 SF
Building Class
A
Year Built
1929
Price
$20,778,599 CAD
Price Per SF
$364.54 CAD
Cap Rate
5.62%
NOI
$1,167,757 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
10,920 SF
Building FAR
2.01
Lot Size
0.65 AC
Opportunity Zone
Yes
Zoning
PCW
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- -
- -
- -
- -
- -
- Honey Salon
- -
- -
- -
- Full Service
- Mar 2025
- Pacific North Sports, Llc
- Public Administration
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
- | - | - | - | - | |
| Honey Salon | - | - | - | Full Service | Mar 2025 | |
| Pacific North Sports, Llc | Public Administration | - | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 380330-050187-0000 | Improvements Assessment | $14,232,058 CAD |
| Land Assessment | $1,359,102 CAD | Total Assessment | $15,591,160 CAD |
Property Taxes
Parcel Number
380330-050187-0000
Land Assessment
$1,359,102 CAD
Improvements Assessment
$14,232,058 CAD
Total Assessment
$15,591,160 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1211 Granary Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.