Description
Possible 8+ Cap Rate. Newer 5,560 SQFT Commercial Building Near Bellis Fair Mall. Possible E-Z Owner Financing. $280K down, start rate of 4.25% interest & $3,500 Monthly Payments (OAC). Current Single Use tenant can pay $5,560 per month. Ideally Month-to-Month Tenant would stay until 4/26. Then adjust to fair market rent - (closer $8,340 per month). Tenant pays all utilities. 5,660 total SQFT in 2 sections: 4,000 SQFT Office/Retail (80'X50') & 1,560 SQFT Retail/Warehouse/Shop ( 40'X40'). See photos for building diagram. High Ceilings, Natural Light & 2 Baths. 16'X10' Exterior Garage Door, 2 10'X10' Interior Roll-up's Doors connecting the 2 spaces. Easy conversion for Multiple Tenants. Street parking & private parking lot for 10 cars.
-
0BEDS
-
0.38ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Listing Courtesy of Re/Max Whatcom County, Inc.: 360-647-1313.Description
Possible 8+ Cap Rate. Newer 5,560 SQFT Commercial Building Near Bellis Fair Mall. Possible E-Z Owner Financing. $280K down, start rate of 4.25% interest & $3,500 Monthly Payments (OAC). Current Single Use tenant can pay $5,560 per month. Ideally Month-to-Month Tenant would stay until 4/26. Then adjust to fair market rent - (closer $8,340 per month). Tenant pays all utilities. 5,660 total SQFT in 2 sections: 4,000 SQFT Office/Retail (80'X50') & 1,560 SQFT Retail/Warehouse/Shop ( 40'X40'). See photos for building diagram. High Ceilings, Natural Light & 2 Baths. 16'X10' Exterior Garage Door, 2 10'X10' Interior Roll-up's Doors connecting the 2 spaces. Easy conversion for Multiple Tenants. Street parking & private parking lot for 10 cars.
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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-05T18:14:08.99. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-02-05T18:14:08.99. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.