1235 Cornwall Ave

    Bellingham, WA 98225
    • $4,579,900
    • STATUS: Pending Feasibility
    • ON SITE: 54 days
    • ID#: 1545381
    Under Contract
    UPDATED: 34 min ago
    $4,579,900
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1914
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    Downtown Mt. Baker Professional Building located on the corner of Holly/Cornwall and blocks from the waterfront. Consistently 100% occupied with average longevity of current office tenants of nearly 8 yrs. The main floor long-term retail anchor tenant has HVAC forced air plus fire sprinkled basement. Upper two floors comprise 28 individual office suites ranging from 212-442 sf with average lease of $478/month. NOI is current Incomes and 2019 Expenses plus 2% reserves. Great Building - Location!

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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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-27T09:13:23.023.

    www.kwbellingham.net/homes/101421367

    1235 Cornwall Ave Bellingham, WA 98225

    • Price: $4,579,900
    • Status: Pending Feasibility
    • Updated: 34 min ago
    • ID#: 1545381
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1914
    Built
    Neighborhood:
    Downtown
    County:
    Whatcom
    Area:
    Bellingham
    Property Description
    Downtown Mt. Baker Professional Building located on the corner of Holly/Cornwall and blocks from the waterfront. Consistently 100% occupied with average longevity of current office tenants of nearly 8 yrs. The main floor long-term retail anchor tenant has HVAC forced air plus fire sprinkled basement. Upper two floors comprise 28 individual office suites ranging from 212-442 sf with average lease of $478/month. NOI is current Incomes and 2019 Expenses plus 2% reserves. Great Building - Location!
    Exterior Features

    Building Condition Good Exterior BrickStucco Foundation Post & PillarPoured Concrete Lot Depth 75 Lot Dimensions 75 X 110 Lot Topography And Vegetation Level Roof FlatTorch Down Site Frontage 185 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 4611

    Interior Features

    Building Sq Ft 25100 Floor Covering Ceramic TileHardwoodWall to Wall Carpet Heating And Cooling Forced AirRadiatorHot Water Recirc Pump Office Sq Ft 22493 Total Sq Ft Rented 22493

    Property Features

    Assessed Value Improvements 2146387 Assessed Value Land 497585 Assessed Value Total 2643972 Assessed Value Year 2020 Available Pads 0 Bank Owned No Boundary Survey 6.25 Cap Rate N Commercial Features ElevatorSprinkleredStorageJ Electrical Expenses 4296 Energy Source Natural Gas Environment Survey Y EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear Y General Zoning Classification Commercial Gross Adjusted Income 406968 Gross Rent Multiplier 11 Gross Scheduled Income 423925 Heating Expenses 4794 Hers Index 0 Home Owner Dues 0 Insurance Expenses 12819 Lot Number 15-16 Net Operating Income 285961 Other Expenses 59703 Possession Sub. Tenant's Rights Power Company Puget Sound Electricity Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Bellingham Tax Amount 24627 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 112868 Total Expenses TEX 112868 Total Monthly Rent 29700 Vacancy Rate 4 Water Company City Of Bellingham Water Sewer Garbage 6629 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 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 Keller Williams Western Realty 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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-01-27T09:13:23.023.

     
    Keller Williams Western Realty
    2211 Rimland Drive, Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Windermere Real Estate Whatcom.