1700 - 1780 Iowa St
Bellingham WA 98229
Iowa Business Center
1700 - 1780 Iowa St Bellingham WA 98229
Listing #: 675091 | Status: Available | Last Modified: 4/30/2024 |
For Sale
- Phone:(360) 671-4200
- Email:jim@pacificcontinentalrealty.com
- Office Name:Pacific Continental Realty, LLC
- Office Phone:(360) 671-4200
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 8,400,000.0
- $/SF$ 267.0
- Listing StatusAvailable
- Days on Market159
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.14 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF31457
- Net Rentable Area31457
- Total Office SF9742
- Largest Contiguous SF1865
- Lot SF99007
- Acres2.27
- Property TypeRetail
- Office TypeOther
- Building ClassB
- CountyWhatcom
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWhatcom County
- Tax ID #3803293293900000
- Additional Parcels380329329390
- ZoningI
- Year Built1977
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeConcrete
Iowa Business Park
Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking, excellent visibility, easy access to I-5, & downtown Bellingham. This 18-unit center has a very high historical occupancy with many long-term tenants. Base rents range from $12.95 to $18.13 psf plus nnn leaving room for resetting rents upon tenant turnover. The property has been professionally managed and maintained by PCR for the last 18 years and is good condition for the next investor to stay the course or create a new vision for the Center.
Central location, ample parking and close to I-5 exits.