Listed by Kidder Mathews Bellevue
$4,990,000
Edgewater Building
Details
APN 00689100000900
Property Type Industrial, Office
Sub Type Executive Office, Flex
Square Footage 22,458
Cap Rate 7.53%
NOI $375,721
Pro-Forma Cap Rate 9.26%
Pro-Forma NOI $461,891
Price per SqFt $222
Stories 2
Acreage 1.240
Zoning TC (Town Center)
Industrial | 7.53% CAP | 22,458 SqFt
Marketing description
Kidder Mathews is pleased to present the Edgewater Building, a
22,458 RSF flex property in Mill Creek with strong in-place income
and long-term upside. Located just off SR-527 with proximity to I-5
and Mill Creek Town Center, the property offers exceptional access
and visibility. Importantly, the property lies within a zoning corridor
being evaluated for increased density and mixed-use development,
creating a rare opportunity to unlock additional value through future
entitlements or redevelopment
Investment highlights
- 7.5% Cap Rate
- WALT
- Redevelopment Potential
- First-floor office/flex space
- Second-story mezzanine office
- 86.00% leased – 1.5 year WALT
Listing Contacts
Listed by Kidder Mathews Bellevue
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,721.00
$31,310.08/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
Map
Zoning
TC MixedMixed UseTown Center
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View all 21 uses
View all 21 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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