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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 1, 2, 3
| Unit Size | 7,700 SF | Sale Type | Investment |
| Condo Use | Medical |
| Unit Size | 7,700 SF |
| Condo Use | Medical |
| 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.
Property Facts
| 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 |
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905 Squalicum Way
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