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905 Squalicum Way 7,700 SF Medical Condo Unit in Bellingham, WA 98225
Executive Summary
Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology. A very stable single tenant history with a NNN lease at below market rents. The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes. The Base Rent has 2% annual increases for the initial 5 year term. One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology. A very stable single tenant history with a NNN lease at below market rents. The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes. The Base Rent has 2% annual increases for the initial 5 year term. One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1, 2, 3 | 7,700 SF | Medical | Upon Request | - |
Unit 1, 2, 3
| Unit Size |
| 7,700 SF |
| Condo Use |
| Medical |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 1, 2, 3
| Unit Size | 7,700 SF |
| Condo Use | Medical |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology. A very stable single tenant history with a NNN lease at below market rents. The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes. The Base Rent has 2% annual increases for the initial 5 year term. One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 13,200 SF | Typical Floor Size | 6,600 SF |
| Property Type | Flex (Condo) | Year Built | 2008 |
| Building Class | B | Lot Size | 32.96 AC |
| Floors | 2 | Parking Ratio | 0.3/1,000 SF |
| Zoning | CWF | ||
| Total Building Size | 13,200 SF |
| Property Type | Flex (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,600 SF |
| Year Built | 2008 |
| Lot Size | 32.96 AC |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | CWF |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
1 of 46
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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905 Squalicum Way
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