7% Cap Absolute Net Corp. HQ

1315 Cornwall Avenue, Bellingham, WA

$6,150,000

Price

7%

Cap Rate

$430,324

NOI

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Street
Map
Overview
Cap Rate
7%
NOI
$430,324
Cash-on-Cash
8.23%
Building Size
24,165 sqft
Lot Area
6,970 sqft
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
1930/1999
Price Per Sqft
$254.50
Tenancy
Single
Floors
4
Restrooms
6
Floor
4
HVAC
Yes
Construction Status
Existing
Gross Leaseable Area
24165
Year Last Renovated
1999
Lease Expire Year
3/31/2026
Investment Strategy
Core
Description

The Leibsohn Group of Marcus & Millichap Seattle is pleased to present the sale offering for the 24,165 SF national headquarters office building of Dealer Information Systems Corporation in Bellingham, Washington.
Dealer Information Systems Corporation (DIS) is a leading business management software provider to agricultural, construction, truck refrigeration, and lift truck dealers in North America. DIS is a wholly owned subsidiary of Constellation Software Inc. (OTCMKTS:CNSWF). The property is located in downtown Bellingham with convenient access to Interstate 5 and only 20 miles from the Canadian Border.

Highlights
  • 7% Cap Rate Absolute Net Lease
  • 21 Year Historical Occupancy
  • 5 Plus Lease Years Remaining With Annual Increases
  • Core Downtown Location In Growth Market
  • Strong Publicly Traded Corporate Parent: Internet Resistant Tenant
  • Iconic Building With Substantial Tenant Improvements
Location
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