1900 116th Ave NE - Medical CONDO FOR SALE


Bellevue, WA 98004
$3,788,000 USD
425-802-0518
1900 116th Ave NE, Bellevue, WA for Sale
$3,788,000 USD
Medical CONDO - FOR SALE
1/13
null | 4.97% Cap Rate

1900 116th Ave NE
Bellevue, WA 98004


HIGHLIGHTS

  • Exceptional Bellevue Medical Corridor Investment.
  • Medical Building Suites#100 & 101 With 4,526 SF Space
  • Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale,NOT THE BUILDING
  • Easy Access To All Amenities. With 30 Ground Ample Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score
  • Professionally Manage With 4.97% Cap Rate.

OVERVIEW

Backed By 5 Years Of balance Lease With 2% Annual Increase. Zoned BR-MO (Bel-Red Medical Office). The Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Two Lower Floor Suites Separate Entry Is Ideally Situated, Easy Access To All Amenities. With 30 Ground Ample Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 4.97% Cap Rate.

FOR SALE DETAILS

PRICE

$3,788,000 USD

PRICE/SF

$837 USD /SF

CAP RATE

4.97%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northwest Medical Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

4,526 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

BR-MO

APN/PARCEL ID

619598-0010,619598-0020

ASK ABOUT THIS PROPERTY

Chris SoonChrissoon Real Estate International LLCMore Info
425-802-0518

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Chris SoonChrissoon Real Estate International LLCMore Info
425-802-0518

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