Samish Flats_Propriété à vendre
Samish Flats_Propriété à vendre
3613 Consolidation Avenue, Bellingham, WA, 98225, US

Samish Flats

Description de l'actif

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Samish Flats, a newly-constructed apartment community located in Bellingham, WA.


Built in 2021, Samish Flats (the “Property" or “Subject,”) is a 37-unit mid-rise apartment community consisting of one 1-bedroom 1-bathroom unit, one 2-bedroom 2-bathroom unit, and thirty-five 3-bedroom 2-bathroom units.


Situated less than a mile from Interstate-5, the Property offers its residents convenient connectivity to Bellingham's primary employment centers as well as the nearby submarkets of Mount Vernon, Everett and the broader Puget Sound region. Bellingham’s economy is heavily driven by Western Washington University, as well as other prominent employers including St Joseph’s Hospital, British Petroleum, and the headquarters of Haggen Food & Pharmacy. Being less than 5 minutes from the university, Samish Flats is ideally positioned to tap into the robust demand created by the university’s 14,000 students and 2,300 faculty and staff.


New ownership will also benefit from the Property’s participation in Bellingham’s Multifamily Tax Exemption (MFTE) program. The program allows Ownership to pay abated real estate taxes through 2029. There is no affordability requirement to participate in the Bellingham 8-year MFTE program.

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Attributs

Nombre d'unités
37
Année de construction
2021
Superficie du terrain brute
0,22 ha
Occupation
100 %
Nombre de bâtiments
1

Média

Points forts de l'investissement

  • Lack of new supply and in-migration bolster submarket fundamentals.
  • Proximate to Western Washington University and Bellingham Employers
  • Large units averaging over 1,000 square feet
  • Highly accretive MFTE tax-exemption program
  • Outstanding access to amenities and lifestyle destinations
Samish Flats 4_Propriété à vendre
Samish Flats 4_Propriété à vendre

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Samish Flats (0 Propriétés)

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Dernière mise à jour
9 mai 2025