Joined Medical Office
905 Squalicum Parkway Unit 1 2 3 Bellingham, WA 98225
905 Squalicum Parkway Unit 1 2 3, Bellingham, WA, 98225
$3,300,000
For Sale
$3,300,000
Three adjacent medical office condo units are joined and leased long term under an NNN structure with HOA dues.
Days on Market106
Property Features for 905 Squalicum Parkway Unit 1 2 3
General Information
- Standard status
- Active
- Property subtype
- General Commercial
Building Details
- Year Built
- 2010
Listing agency
(360) 734-7500
Listed by
Windermere Real Estate Whatcom
Source
Xome
Added: Apr 9 Updated: Jul 23 at 5:01AM Checked: Jul 23 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate Whatcom
Investment Insights
Based on property information with market context.
Three adjacent commercial condo units are joined together and offered as a single package in the heart of Bellingham. The space is leased long term by Frontier Dermatology and features a stable single-tenant history under a NNN lease that includes HOA dues.
Interior improvements include an elevator providing access to the second story, along with high-end, well-maintained finishes. The lease includes base rent with 2% annual increases for the initial 5-year term, with one option to renew at fair market rent for comparable medical space.
This offering is presented as joined units 1, 2, and 3, suited for buyers seeking an income-producing medical office configuration with on-site common expense coverage included in the NNN lease structure.
Interior improvements include an elevator providing access to the second story, along with high-end, well-maintained finishes. The lease includes base rent with 2% annual increases for the initial 5-year term, with one option to renew at fair market rent for comparable medical space.
This offering is presented as joined units 1, 2, and 3, suited for buyers seeking an income-producing medical office configuration with on-site common expense coverage included in the NNN lease structure.
Key Highlights
- Three adjacent commercial condo units joined together in the heart of Bellingham
- Leased long term to Frontier Dermatology under an NNN structure that includes HOA dues
- Base rent includes 2% annual increases for the initial 5‑year term
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Three adjacent medical office condo units are joined and leased long term under an NNN structure with HOA dues.
Where is this medical office space located?
The property is located at 905 Squalicum Parkway Unit 1 2 3 Bellingham, WA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Three adjacent commercial condo units joined together in the heart of Bellingham; Leased long term to Frontier Dermatology under an NNN structure that includes HOA dues; Base rent includes 2% annual increases for the initial 5‑year term
