Property Details
905 Squalicum Parkway #1
Bellingham, WA 98225
$3,300,000
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Property Overview
Three adjacent commercial condo units joined together in the heart of Bellingham. Leased long term by Frontier Dermatology.A very stable single tenant history with a NNN lease at below market rents.The interior of the Premises is improved with elevator to the second story and high end and well maintained finishes.The Base Rent has 2% annual increases for the initial 5 year term.One option to renew at Fair Market rent for comparable medical space. NNN lease including HOA dues.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Whatcom
Neighborhood
Bellingham
Listed
Apr 17, 2026
Parcel Number
3802241151960001
Tax & HOA
Annual Property Tax
$15,153 (2025)
Est. Monthly Tax
$1,263/mo
HOA Fee
$15,000/annually
Financial Summary
Net Operating Income
$188,498
Gross Scheduled Income
$188,498
Total Expenses
$15,153
Building & Use
Total Units
1
Sq Ft Rented
7,700
Zoning
Commercial
Possible Use
Commercial
Year Built
2010
Exterior & Lot
Lot Size
0.00 sqft
Year Built
2010
Exterior Materials
Cement, Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Metal/Vinyl
Community & Access
Directions
West on Squalicum Parkway of Meridian street south of I-5.
Location
City
Bellingham
County
Whatcom
Coordinates
48.77631, -122.47516
Additional Information
Tax Year
2025
Annual Taxes
$15,153
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 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.
