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1311-1315 Commercial Street 1313 Commercial St 19,156 SF Office Building Bellingham, WA 98225 $5,522,212 ($288.28/SF) 8.15% Cap Rate



EXECUTIVE SUMMARY
Beautifully renovated and turnkey office space in the heart of Downtown. Situated across from the Commercial Street parking garage this location gives employees the opportunity to enjoy restaurants, shopping and entertainment just steps from work. With a combination of open-floor space and private offices, this building is sure to cover all the needs of an evolving business. A large conference room, exercise room, large kitchen and reception fulfill all possible needs. The building has both street and alley access, as well as skylights for lots of natural light. This is a great opportunity for an expanding local company or a company relocating from out of town. $37,512 pm net lease in place until 11-2-26 which can be bought out. Building has a connection option to 204 W Holly, a 4,500 sq ft office/retail building, that is also for sale.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,156 SF
Year Built/Renovated
1929/1993
Price
$5,522,212
Price Per SF
$288.28
Cap Rate
8.15%
NOI
$450,060
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,578 SF
Opportunity Zone
Yes
Zoning
Commercial Core
1 1
Walk Score®
Walker's Paradise (99)
Bike Score®
Biker's Paradise (98)
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1311-1315 Commercial Street | 1313 Commercial St
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