Joined Medical Office
For Sale
$3,300,000
905 Squalicum Parkway, Bellingham, WA 98225
Three adjacent medical office condo units are joined and leased long term under an NNN structure with HOA dues.
Property SizeContact for details
Days on Market224
Property Features for 905 Squalicum Parkway
General Information
Standard status
Active
Property subtype
General Commercial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$15,153
Amenities
elevator
3
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
Windermere RE Whatcom, Inc.
(360) 734-7500
Listed By:
Jeffrey Johnson
Source:
Xome
Added: Dec 31, 2025
Changed: Aug 8
Last Checked: Aug 12 at 4:25AM
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 RE Whatcom, Inc.
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
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98225, WA
49,078
Population
24,202
Households
2
Avg Household Size
31
Median Age
48%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
3,895
Density / Sq Mi
$62,220
Median Household Income
$33,122
Median Earnings
$1,430
Median Rent
$588,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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 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
