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34470826
34470827

323 TELEGRAPH RD, BELLINGHAM, WA 98226-8751 For Sale

TM
WA B12742
Muljat Group Commercial
Listed by Muljat Group Commercial
$5,600,000
1 day on market
Updated 1 day ago

Fully Leased Meridian Place Shopping Center For Sale

Details
APN 61323
Property Type Retail, Office (+1)
Square Footage 32,215
Net Rentable (SqFt) 32,215
Units 11
Cap Rate 6.55%
NOI $366,998
Tenancy Multi
Lease Type NNN
Year Built 1986
Buildings 1
Lot Size (SqFt) 81,457
Zoning Commercial
Ground Lease No

100% Leased Shopping Center Near I-5 and SR539

Marketing description

Multi-tenant commercial building in Bellingham's Meridian neighborhood, sitting just off the Meridian St/I-5 interchange near major retailers like Target, Marshalls, and Home Depot. Meridian Place hosts a diversified roster of medical, technology, government, and retail-service tenants including Eyes Rite Optical, Team Technology, and the U.S. Army Corps of Engineers. A long history of tenant retention reflects a stable, well-managed asset with dependable in-place income.

Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!

Listing Contacts

TM
WA B12742
Muljat Group Commercial
Listed by Muljat Group Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$366,998.00
$30,583.17/mo

Valuation Metrics

0
DSCR
6.55%
Cap Rate
6.55%
ROI

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