2980 SQUALICUM PARKWAY
BELLINGHAM, WASHINGTON 98225
OFFERS DUE BY TUESDAY, OCTOBER 14TH, 3:00 PM PDT
THE OFFERING
CBRE, as the Exclusive Representative for McCallen & Sons Inc. as General Receiver in the receivership of Bellingham BSC, LLC is pleased to offer for sale the Bellingham Medical Center. This three-story medical office property containing approximately 28,949 SF is located directly across the street from Whatcom County’s only hospital and trauma center, PeaceHealth St. Joseph Medical Center in Bellingham, Washington. Bellingham Medical Center is approximately 23% leased to PeaceHealth St. Joseph Hospital and 25% leased to local medical practitioners.
INVESTMENT HIGHLIGHTS
·Flagship Location at the Entrance to PeaceHealth St. Joseph
·Offered Fee Simple with No Hospital Use Restrictions
·Value Add Through Lease-Up
·Hospital Occupancy in addition to Strong Credit Tenants with Term
·High Quality Building Construction
·No In-Place Debt
Offer Summary
OFFER PRICE:
$7,150,000
BUILDING SIZE:
28,949 SF
YEAR BUILT:
1985
RENOVATED:
2003
OCCUPANCY:
48%
Paul Carr
CBRE Healthcare Properties
+1 206 292 6005
Paul.Carr@cbre.com
Steven Perovich
CBRE Healthcare Properties
+1 206 292 6059
Steven.Perovich@cbre.com
Marcus Yamamoto
CBRE Healthcare Properties
+1 206 292 6062
Marcus.Yamamoto@cbre.com
For more information please review the Confidentiality Agreement or visit our website at
https://www.cbremarketplace.com/bellinghammedical/
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