Property Details
3136 Squalicum Parkway #B
Bellingham, WA 98225
$1,300,000
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Property Overview
This well-equipped 1,800 SF oral surgery suite is fully leased through June 2028. Located in the heart of the medical community, this property offers strong tenant stability and ideal proximity to major healthcare providers. Suite Features: 2 consultation/exam rooms, 2 surgical suites, 2 recovery beds, a lab and sterilization room, and a backup generator. Part of a duplex building managed by a condominium association covering common expenses. The tenant is responsible for all costs, including property taxes, utilities, and monthly HOA dues. Ideal for 1031 exchange buyers or medical office investors.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Whatcom
Neighborhood
Bellingham
Listed
May 1, 2025
Original Price
$1,500,000
Financial Summary
Cap Rate
4.00%
Net Operating Income
$66,000
Gross Scheduled Income
$66,000
Gross Rent Multiplier
23.00
Total Actual Rent
$5,500/mo
Building & Use
Building Sq Ft
1,800
Sq Ft Rented
1,800
Zoning
Office,See Remarks
Possible Use
Office, See Remarks
Lot Size
4,779 sqft
Year Built
1996
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1996
Exterior Materials
Stone, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Stone, Wood
Location
City
Bellingham
County
Whatcom
Coordinates
48.77181, -122.46889
Additional Information
Tax Year
2025
Possession
Array
Based on information submitted to the MLS GRID as of April 28, 2026 12:15 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
