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323 Telegraph Rd
Bellingham, WA 98226
Meridian Place · Retail Property For Sale
Investment Highlights
- Fully leased multi-tenant commercial property with an established tenant base
- Tenant mix includes medical, technology, government, and retail-service occupants
- Positioned near major national retailers including Target, Marshalls, and Home Depot. [loopnet.com]
- Located near the Meridian Street and Interstate 5 interchange, one of Bellingham's primary commercial corridors.
- Access is available from both Telegraph Road and McLeod Road
Executive Summary
Multi-tenant commercial building in Bellingham's Meridian neighborhood, sitting just off the Meridian St/I-5 interchange near major retailers like Target, Marshalls, and Home Depot. Meridian Place hosts a diversified roster of medical, technology, government, and retail-service tenants including Eyes Rite Optical, Team Technology, and the U.S. Army Corps of Engineers. A long history of tenant retention reflects a stable, well-managed asset with dependable in-place income.
Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!
Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
32,215 SF
Year Built
1986
Price
$5,600,000
Price Per SF
$173.83
Cap Rate
6.55%
NOI
$366,998
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
1.87 AC
Zoning
Commercial
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