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Commercial Street Office 1323 Commercial St 19,800 SF 100% Leased Office Building Bellingham, WA 98225 $7,831,187 CAD ($395.51 CAD/SF) 6.40% Cap Rate

EXECUTIVE SUMMARY
Turnkey, modern office space in the heart of Downtown. Situated across from the Commercial Street parking garage this location gives employees the opportunity to enjoy restaurants, shopping and entertainment just steps from work. Currently operating as a co-working space, there is a combination of open-floor space and private offices. The building has both street and alley access. This is a great opportunity for an expanding local company or a company relocating from out of town. $30,474 pm net lease in place until 11-2-26 which can be bought out. The building has a connection option to 1331 Commercial Street, a 14,416 sq ft office building, that is also for sale. This connection by sky bridge creates over 34k sq ft of office space. Appointment Required
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,800 SF
Building Class
B
Year Built/Renovated
1908/1991
Price
$7,831,187 CAD
Price Per SF
$395.51 CAD
Cap Rate
6.40%
NOI
$501,196 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,600 SF
Opportunity Zone
Yes
Zoning
Commercial Core
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Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 380330-162184-0000 | Improvements Assessment | $2,590,657 CAD |
| Land Assessment | $638,488 CAD | Total Assessment | $3,229,145 CAD |
PROPERTY TAXES
Parcel Number
380330-162184-0000
Land Assessment
$638,488 CAD
Improvements Assessment
$2,590,657 CAD
Total Assessment
$3,229,145 CAD
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Commercial Street Office | 1323 Commercial St
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