Bellingham WA New Strip Mall + Future Building

Shopping Center for Sale
Catylist Listing ID: 30621905
Property Subtypes: Strip Center
Building Size (RSF): 14,973 SF
Gross Building Area: See Agent
Sale Price: $3,995,000
Unit Price: $266.81 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/16/2020

Overview / Comments

Whatcom Plaza in Bellingham consists of 12 Retail Commercial Condominiums plus an Expansion Pad designed for another 27 Residential Studio Apartments - listed as a package (Please see feature sheet). Total 14,973 SF. of leasable space but only 50% has been leased at the moment with income of approx. $13,000 per month. There is future potential to double that figure. The New owner could also sell the units individually at their option. Constructed in 2009, Modern finishes with Brick, Metal, Steel, Stucco & Glass Exteriors. High Ceilings, well lit interiors. Adjacent to Best Buy Shopping Center & across the Street from Whatcom Community College. Owner would consider short term Seller Financing of approx. 50%. Seller is retired and winding down his portfolio and does not want to deal with the leasing of the rest of the units. Listing Price is USD $3,995,000

Additional Details

Nearest CMA: Bellingham
Regional District: Whatcom
Parcel ID: 3802124502200000
Retail Clientele: Business
Year Built: 2009

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Contact

Photograph of Listing Agent

Les Twarog

RE/MAX Crest Realty (W7) Commercial First Member
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