4200 Meridian $6,000,000

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    4200 Meridian Bellingham, WA 98226

    • 4.39 Acres
    • Commercial/Industrial
    Listing# 1504510 | Active

    $6,000,000

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    Days On Market: 4 0 Views
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    Property Details

    Bellingham Business Park currently has over 30 Tenants paying $52,750.00 per month in rent. This is a business park for tenants looking to pay economy rent for professional office and industrial spaces. The price is based on actual rent and expenses to find (NOI) and applying a 6.3 CAP rate. There is upside potential to increase rental income by filling the current vacancies.

    • General Features
      • County Whatcom
      • Zoning Class Business, Commercial, Industrial-Light
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 73,000
      • Approx Whse/Mfg SqFt 24,000
      • Approx Office SqFt 49
      • Total Uncovered Parking 190
      • Total Covered Parking 0
    • Building Features
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
      • Features Signage Included, Storage
      • Heating and Cooling Forced Air
      • Ceiling Height 15
      • Loading 4-6 Bays, 15' Doors, Dock High, Grade
    • Property Features
      • Lot Square Footage 191,000
      • Depth of Lot 500
      • Site Frontage 280
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City of Bellingham
      • Energy Source Electric, Natural Gas
      • Power Company Puget Pwr
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 3
      • Total SqFt Rented 0
      • Total Monthly Rent $38,250
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6.3
      • Gross Scheduled Income $632,000
      • Gross Adjusted Income $613,040
      • Total Expenses $237,418
      • NOI $375,662
      • Electrical Expenses $0
      • Tax Expense $51,246
      • Heating Expense $0
      • Insurance Expense $19,700
      • Annual Assoc. Dues $0
      • Other Expenses $165,700
      • Tax Year 2019

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    Neighborhood

    98226 (Bellingham) Demographics

    39Median Age
    389Population Density (per sq. mile)
    43%College Educated
    $56,280 Estimated Median Income
    10,274Estimated Total Home Owners
    6,020Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    41,740Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $395,000 Median Sales Price
    49 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,000,000
        8/13/2019 9:21:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.