Property Details

323 Telegraph Road

Bellingham, WA 98226

$5,600,000

Available

CBA# 715289 courtesy of CBA Listing firm: The Muljat Group Inc.

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Office / Retail

Property Type

24,000

Bldg Sq Ft

6.00%

Cap Rate

1985

Year Built

Property Overview

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!