4200 Meridian

    Bellingham, WA 98226
    • $6,000,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 1504510
    UPDATED: 76 min ago
    $6,000,000
    • 0
      BEDS
    • 4.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Saratoga Commercial R.E..

    Description

    Bellingham Business Park currently has over 30 Tenants paying $52,750.00 per month in rent. This is a business park for tenants looking to pay economy rent for professional office and industrial spaces. The price is based on actual rent and expenses to find (NOI) and applying a 6.3 CAP rate. There is upside potential to increase rental income by filling the current vacancies.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-22T08:14:04.513.

    www.pugetsoundfivedoors.com/homes/97893843

    4200 Meridian Bellingham, WA 98226

    • Price: $6,000,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 1504510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.38
    Acres
    1975
    Built
    Neighborhood:
    Bellingham
    County:
    Whatcom
    Area:
    Bellingham
    Property Description
    Bellingham Business Park currently has over 30 Tenants paying $52,750.00 per month in rent. This is a business park for tenants looking to pay economy rent for professional office and industrial spaces. The price is based on actual rent and expenses to find (NOI) and applying a 6.3 CAP rate. There is upside potential to increase rental income by filling the current vacancies.
    Exterior Features

    Foundation Poured Concrete Loading 4-6 Bays15' DoorsDock HighGrade Lot Depth 500 Lot Topography And Vegetation LevelSloped Roof Flat Site Frontage 280 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 190 Waterfront Footage 24000

    Interior Features

    Building Sq Ft 73000 Ceiling Height 15 Floor Covering Ceramic TileVinylWall to Wall Carpet Heating And Cooling Forced Air Office Sq Ft 49 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 6.30 Commercial Features Signage IncludedStorageJ Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Not Provided General Zoning Classification BusinessCommercialIndustrial-Light Gross Adjusted Income 613040 Gross Rent Multiplier 0 Gross Scheduled Income 632000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 19700 Lot Number 1 Net Operating Income 375662 Other Expenses 165700 Possession Closing Power Company Puget Pwr Power Service Amps 0 Sewer Sewer Connected Sewer Company City Of Bellingham Tax Amount 51246 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 237418 Total Expenses TEX 237418 Total Monthly Rent 38250 Vacancy Rate 3 Water Company City Of Bellingham Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Five Doors Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-22T08:14:04.513.

     
    Five Doors Real Estate
    33434 8th Ave S, Ste 103
    Federal Way WA, 98003
    Listing Courtesy of Saratoga Commercial R.E..