Office properties for sale in Bellingham offer a unique opportunity for investors to tap into the city's diverse economy, which is driven by education, transportation, and the arts. With Western Washington University and Bellingham International Airport playing significant roles in the local economy, office properties in Bellingham can represent a range of investments, from educational institutions to transportation hubs. The city's strategic location, nestled between Vancouver, British Columbia, and Seattle, makes it an attractive spot for businesses and travelers alike. Bellingham's amenities, including the Bellingham Public Library, Whatcom Community College, and the Historic Mount Baker Theatre, also contribute to its appeal. Additionally, the city's geography, with Bellingham Bay to the west and Mount Baker to the east, provides a unique blend of urban and natural landscapes. With 14 office properties for sale, investors have a range of options to choose from, with average prices per square foot at $505 USD and average sizes of 10,940 square feet. The largest office property available spans 47,508 square feet, offering ample space for businesses to grow. With an average cap rate of 7.01%, office properties in Bellingham are an attractive option for investors.
Bellingham's office properties are situated in a city that offers a unique blend of urban and natural landscapes, with nearby amenities like the Bellingham International Airport, Western Washington University, and the Historic Mount Baker Theatre. In addition to office properties, Bellingham is also home to a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. Commercial real estate in Bellingham offers investors opportunities to tap into the city's growing economy, with average prices per square foot at $505 USD. Apartment buildings in Bellingham provide a range of options for residents, from downtown apartments to suburban complexes. Shopping centers in Bellingham offer a mix of local boutiques and national chains, catering to the city's diverse population. Hotels in Bellingham, such as the Fairhaven Village Inn, provide accommodations for visitors and business travelers alike. With its unique blend of natural beauty and urban amenities, Bellingham is an attractive spot for businesses and investors alike.
What is the average price per square foot for office properties in Bellingham?
The average price per square foot for office properties in Bellingham is $505 USD per square foot, with an average size of 10,940 square feet and a largest size of 47,508 square feet among the 14 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Bellingham, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to find the right fit for your business needs.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer a balance of quality and affordability, with standard finishes and amenities, and are suitable for a wide range of businesses.
- Class C office properties are often older buildings with more basic amenities and may require renovation, but can provide an affordable option for startups or small businesses.
