501 E Holly St $1,499,500

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    501 E Holly St Bellingham, WA 98225

    • 0.32 Acres
    • Commercial/Industrial
    Listing# 1470350
    SOLD 8/16/2019

    $1,499,500

    Days On Market: 60 0 Views
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    Property Details

    Awesome location with this concrete block building, built in 1977. Long term national tenant fortune 500 Fed Ex. Current lease goes to $89,910 NNN annually and in 2020 goes to $94,905. Strong history of renewals. Solid building in a fantastic location near the 16K student population of WWU and downtown Bellingham. Tenant pays all expenses, taxes and insurance are reimbursements.

    • General Features
      • County Whatcom
      • Approx Building SqFt 5,044
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial, Retail
      • Lot Dimensions 125x110
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete
      • Foundation Poured Concrete
      • Roof Torch Down
      • Floor Covering Concrete, Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Forced Air
      • Loading 1-3 Bays
    • Property Features
      • Depth of Lot 110
      • Site Frontage 125
      • Environment Survey Y
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City of Bellingham
      • Energy Source Electric, Natural Gas
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 13,939
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 5,044
      • Total Monthly Rent $7,493
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6.00
      • Gross Scheduled Income $89,910
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $89,910
      • Electrical Expenses $0
      • Tax Expense $0
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $0
      • Tax Year 0
      • Annual Assoc. Dues $0

    Neighborhood

    98225 (Bellingham) Demographics

    29Median Age
    3,901Population Density (per sq. mile)
    52%College Educated
    $40,370 Estimated Median Income
    7,991Estimated Total Home Owners
    11,632Estimated Total Renters
    41% / 59%Estimated Owner / Renter Divide
    0Estimated Average Household Size
    49,240Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $480,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/16/2019 12:00:00 AM Sold Source New Value: $1,499,500
        7/8/2019 9:21:21 AM Status Changed Source New Value: Pending
        6/11/2019 11:20:55 AM Status Changed Source New Value: Pending Feasibility

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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.