3350 161st Ave SE - Medical FOR SALE


Bellevue, WA 98008
$19,000,000 USD
3350 161st Ave SE, Bellevue, WA for Sale
$19,000,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

3350 161st Ave SE
Bellevue, WA 98008


HIGHLIGHTS

  • Rare Owner User Opportunity in Bellevue
  • Ability for Owner/User to Occupy All or Most of the Building
  • Location and Proximity to Freeways and Transit
  • Conversion Potential to Residential Development

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire I-90 Corporate Campus, Building A (the “Property” or “Building”). The Property compromises a 2-story, 45,279 square foot office building in Bellevue, WA. Part of a two-property campus and located in the center of the I-90 submarket, the Property offers a unique opportunity to benefit from 4 years of consistent cash flow, through the nationally recognized Construction Services company, Atkinson Construction, while also capitalizing on the Property’s ability to serve a multi-tenant or single-tenant owner-user following the in-place rollover. Positioning the Property as a partially or fully vacant building offers a significant opportunity for a wide range of sizes and uses. I-90 Corridor is a hub for the ecommerce and tech industry, housing T-Mobile and Costco as the largest tenants in the area. The area is also conveniently located between two of Washington’s major highways, Interstate 90 and 405 which offers connectivity to freeways and transit throughout the Seattle MSA. The Eastside, particularly Bellevue, has seen significant demand in relation to sales transaction volume over the last 6 months, standing out from the other areas in Seattle.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$420 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

I-90 Corporate Campus - Building A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

O\C, Bellevue

APN/PARCEL ID

112405-9015

ASK ABOUT THIS PROPERTY

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