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Pomeroy Court & 500 Square 2 biens • Immeuble residentiel • Bellingham, WA
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 7-minute walk to Western Washington University and Bellingham employers
- Superb area demographics
- Large floor plans averaging almost 1,000 square feet at both properties
- Lack of new supply and in-migration bolster submarket fundamentals
- Outstanding access to amenities, retail hubs, and lifestyle destinations
- Outstanding historical occupancy of ~99% and strong historical operating performance
RÉSUMÉ DE L'ANNONCE
JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Pomeroy Court and 500 Square, two premier apartment communities located in Bellingham, WA, within walking distance to Western Washington University.
Built in 1986/1999 and 2022, Pomeroy Court and 500 Square (each, a “Property” and together the “Properties”) are 60-unit and 68-unit garden-style and mid-rise apartment communities, respectively, located in the Happy Valley neighborhood of Bellingham. A light valueadd opportunity is available at Pomeroy Court through selective improvements to appliances, fixtures, blinds, and cabinet fronts. Situated near Interstate-5 and Western Washington University, the Properties provide residents with unparalleled access to Bellingham’s key employment centers as well as the nearby submarkets of Mount Vernon, Everett and the broader Puget Sound region. Bellingham’s economy is anchored by Western Washington University and bolstered by other prominent employers including St. Joseph’s Hospital, British Petroleum, and the headquarters of Haggen Food & Pharmacy. Located near the Pacific Northwest’s premier lifestyle destinations, Pomeroy Court & 500 Square offers residents exceptional proximity to the region’s most desirable recreational amenities. The portfolio diversifies risk by targeting distinct market segments, with 500 Square serving affluent families while Pomeroy Court caters to middle-income households.
The pair of Properties is being offered as a combined portfolio. Be advised that ownership has requested no Property Tours be conducted until the contract due diligence period. Please contact broker for additional information.
Built in 1986/1999 and 2022, Pomeroy Court and 500 Square (each, a “Property” and together the “Properties”) are 60-unit and 68-unit garden-style and mid-rise apartment communities, respectively, located in the Happy Valley neighborhood of Bellingham. A light valueadd opportunity is available at Pomeroy Court through selective improvements to appliances, fixtures, blinds, and cabinet fronts. Situated near Interstate-5 and Western Washington University, the Properties provide residents with unparalleled access to Bellingham’s key employment centers as well as the nearby submarkets of Mount Vernon, Everett and the broader Puget Sound region. Bellingham’s economy is anchored by Western Washington University and bolstered by other prominent employers including St. Joseph’s Hospital, British Petroleum, and the headquarters of Haggen Food & Pharmacy. Located near the Pacific Northwest’s premier lifestyle destinations, Pomeroy Court & 500 Square offers residents exceptional proximity to the region’s most desirable recreational amenities. The portfolio diversifies risk by targeting distinct market segments, with 500 Square serving affluent families while Pomeroy Court caters to middle-income households.
The pair of Properties is being offered as a combined portfolio. Be advised that ownership has requested no Property Tours be conducted until the contract due diligence period. Please contact broker for additional information.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Taille totale du bâtiment | 148 800 pi² |
| Nombre de propriétés | 2 | Superficie totale du terrain | 3,86 AC |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 148 800 pi² |
| Superficie totale du terrain | 3,86 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
|
Pomeroy Court Apartments
3100 Ferry Ave, Bellingham, WA 98225 |
Immeuble residentiel | 96 000 pi² | 1986 | - |
|
500 Square
500-512 32nd St, Bellingham, WA 98225 |
Immeuble residentiel | 52 800 pi² | 2022 | - |
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Pomeroy Court & 500 Square
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