1700 Iowa, Bellingham, WA 98225

$8,400,000

Listing courtesy of Pacific Continental Realty LLC.

List Price
$8,400,000
Status
ACTIVE
MLS#
2185304
Days on Market
66

Property Description

Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking, excellent visibility, easy access to I-5, & downtown Bellingham. This 18-unit center has a very high historical occupancy with many long-term tenants. Base rents range from $12.95 to $18.13 psf plus nnn leaving room for resetting rents upon tenant turnover. The property has been professionally managed and maintained by PCR for the last 18 years and is good condition for the next investor to stay the course or create a new vision for the Center.

Additional Information

Community
Roosevelt
Building Condition
Good
Style
61 - Comm Bldg Ovr 10K
Year Built
1979
Driving Directions
Iowa Street exit, East on Iowa Street. Property on right after Pacific Street intersection
Energy Source
Electric
Buyer Agency Compensation
2.5
Cap Rate
6.14
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