1111 W Holly Street, Bellingham WA, 98225

Provided by NWMLS, Listed by Windermere Real Estate Whatcom

Active

1111 W Holly Street

Bellingham WA, 98225

$1,950,000

Active

Commercial

Built in 1979

Fully leased 9,090 two story office building with secure parking garage and wide open views south across Bellingham Bay offered at 5.8% cap rate. This office building has been cared for by an attentive owner and is in terrific condition with newer paint, membrane roof, extensive interior remodeling and independent HVAC in each suite. Recent PSE audit added all LED lights for efficiency. Tenant mix is a very good cross section providing insulation against shifting market conditions. Building enjoys 27 total parking spaces, 18 of which are in the secured parking garage, along with several parking spaces on the street. The location of this building cannot be beat given its proximity to downtown, the waterfront and the core neighborhoods.

2044549

MLSⓇ ID

March 13, 2023

Listed

May 14, 2024

Updated

Map

1111 W Holly Street
Bellingham WA, 98225

Interior Features

Interior Features: Wall to Wall Carpet
Floor Description: Carpet
Fireplace: No
Cooling: Yes
Cooling Description: Wall Unit(s)
Heating: Yes
Heating Description: Baseboard, Heat Pump

Exterior/Building Features

Lot Size: 0.34 Acres
Exterior Features: Wood
Roof: See Remarks
Sewer: Sewer Connected

Other Property Details

Area Name: 860 - Bellingham
Garage: No
Parking Total: 27
View: No
County: Whatcom
Water Source: Public
Pool: No
Buyer Agency Compensation: 2.5%

Listing History

Date	Event	Price
3/14/2024	Price Change	$1,950,000 -5%

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 5/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 5/18/2024 at 5:00 PM UTC