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155 12th St 8,294 SF 100% Leased Office Building Blaine, WA 98230 $2,788,160 CAD ($336.17 CAD/SF) 6.40% Cap Rate
Investment Highlights
- 6.4% CAP actuals with value-add opportunity
- Large lot with 26 dedicated parking spaces
- 8,294sf two-story office building
- 100% occupied with bordercentric tenants
Executive Summary
155 12th Street presents the opportunity to acquire a fully occupied four-tenant office property built in 2006 in Blaine, Washington.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,294 SF
Building Class
C
Year Built
2006
Price
$2,788,160 CAD
Price Per SF
$336.17 CAD
Cap Rate
6.40%
NOI
$178,352 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Building FAR
0.35
Lot Size
0.55 AC
Zoning
HC
Parking
26 Spaces (3.25 Spaces per 1,000 SF Leased)
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 410131-357213-0000 | Improvements Assessment | $1,725,864 CAD |
| Land Assessment | $479,361 CAD | Total Assessment | $2,205,226 CAD |
Property Taxes
Parcel Number
410131-357213-0000
Land Assessment
$479,361 CAD
Improvements Assessment
$1,725,864 CAD
Total Assessment
$2,205,226 CAD
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155 12th St
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