HANGAR & OFFICE. Offering Highlights: BELLINGHAM INTERNATIONAL AIRPORT. Sale 3 units, A, B & C.

Transcription

1 HANGAR & OFFICE BELLINGHAM INTERNATIONAL AIRPORT FOR SALE $1,500,000 SIS Flight Condos 4165 & 4167 Mitchell Way Units A, B & C Bellingham, WA Offering Highlights: Sale 3 units, A, B & C. BROKER: amwebster99@gmail.com 3610 Meridian St Bellingham, WA Offices & Hangars Space. Long Term Ground Lease. 38 Parking Spaces. International Airport Air Traffic Control Tower. ILS runway Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

2 Hangar & Office EXECUTIVE SUMMARY THE PROPERTY SIS FLIGHT HANGAR CONDOS 4165 & 4167 MITCHELL WAY #A, B & C BELLINGHAM, WA PROPERTY SPECIFICATIONS Building Size: 17,345 SF Leased Land: 37,838 SF Annual Ground Lease $20,712 Sale Price: $1,500,000 Unit A: MARKET HIGHLIGHTS Office & Hangar Condos, Bellingham Airport. 3 condos with a combined area of 17,345 SF; Unit A, divided into 2,080 SF of office w/ 101'x65' hangar & bi-fold door 58'x18'. Unit B is 50'x58' w/bi-fold 52'x18' & a 2nd bi-fold 40'x18'. Unit C has 2,240 SF of office & 62'x60' hangar w/ bi-fold 48'x18'. Steel beam construction, insulated, radiant heat. Bi-fold doors will fit corporate jet & commercial aircraft. 30+yr ground lease with POB. Excellent street frontage, w/public access & parking. Unit A:Bi-Fold 58 x 18 BUILDING HIGHLIGHTS Hangars: LOCATION HIGHLIGHTS Bellingham International Airport: Located only 50 miles from Vancouver BC and 90 miles from Settle. Proximity to both metro areas provide access to 6.6 million people. The Airport is the third largest in the State serving GA and Commercial. Alaska Airlines, Allegiant, and Horizon provide non-stop flights to Maui, Honolulu, LA, Palm Springs, and beyond. Air Taxi services is also available. Steel beam construction Radiant Gas Heat High Bay Induction Lighting Schweiss Bi-Fold Doors Offices: Class B finished spaces ADA bathrooms. 2

3 Hangar & Office SPECS Building Size: 17,345 SF (total) Offices Unit A: 2, 080 SF Unit C: 2,240 SF Ground Lease/Yr. $20,712 Zoning AR (airport related) Year Built 2008 Renovated 2012 Construction Pre-fab Steel Frame Floor Epoxy sealed concrete Ceiling Height Lighting Unit C: Hangar 60 x in Hangar Bay 12 in Office Hangars: Metal Halide Offices: Fluorescent Hangar Doors Four (max 58 x18 2 ) Parking 38 spaces w/public access Call for more details Unit B: Hangar 58 x 50 Unit A: Offices Unit A: Offices 3

4 Hangar & Office SIS FLIGHT HANGAR CONDOMINIUM Identification of Property. The subject is an existing condominium development, SIS Flight Hangar Condominium, originally constructed in 2008, consisting of office and hangar space located at Mitchell Way, Bellingham, WA. The condos are located at Bellingham International Airport on leased land from the Port of Bellingham. The complex consists of three condos with a combined area of 17,345 SF; Unit A is 8,860 SF which is divided into 2,080 SF of office space and 6,780 SF of hangar bay. Unit B is 2,950 SF of hanger bay. Unit C is 5,645 SF divided into 2,240 SF of office space and 3,405 SF of hangar bay. Unit A: Hangar Property rights: SIS Flight Hangar Condominium has a leasehold interest in the property. Summary of Ground Lease and Option to Renew. SIS Flight LLC executed a thirty year (30) Airport Lease dated September 25, The leased premises, as per the Modification of Airport Lease dated September 7, 2009 are 13C, BIA Binding Site Plan (Mod. 22) and non-exclusive Taxiway Lease area 13B (Mod. 19). Approximately 36,468SF. Lease is for thirty (30) years commencing on November 1, 2005 and terminating October 31, The Ground lease may be renewed three consecutive ten (10) year periods, provided the lease is in good standing. Annual increase of 3% with market re-assessed value every 5 years. Unit B: Hangar 4

5 Hangar & Office FLOOR PLANS hangar Unit A office Unit C hangar 5

6 Hangar & Office FLOOR PLANS 6

7 Hangar & Office Unit A: Office Floor Plan Unite A: Office Floor Plan Street Side Hangar Side 7

8 Hangar & Office Aerial View B C office A office 8