185 NE Gilman Blvd - Medical FOR SALE


Issaquah, WA 98027- Gilman
$4,650,000 USD
425-643-2181
185 NE Gilman Blvd, Issaquah, WA for Sale
$4,650,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

185 NE Gilman Blvd
Issaquah, WA 98027
Gilman


OVERVIEW

Long-term, sustained cash flow for an office owner-user in downtown Issaquah! East Gilman 185 represents a unique opportunity for a purchaser to capture tremendous value. The first floor is leased to a credit pediatric dentist with 16 locations. This new lease is for a 10-year term with 3% annual increases. The improvements to this first-floor space are highly specialized. The second floor consisting of approximately 3,599 RSF is available for purchaser. The office is configured with perimeter private offices and conference rooms, three restrooms including one with a shower and a large breakroom with full kitchen. The location of the building offers easy access to I-90. Numerous tenant amenities are within walking distance. The building is well-maintained with a roof replaced in 2017, new HVAC replaced in 2017, new exterior paint and new parking lot sealcoat/striping. *Ownership group contains a licensed real estate agent. **Cannot have psychological counseling or child care uses in the building.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

East Gilman Office Campus - Bldg C

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,723 SF

ZONING

MU - Mixed Use

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rob ForenzaApplied Capital LLCMore Info
425-643-2181

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Rob ForenzaApplied Capital LLCMore Info
425-643-2181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.