Listed by Lee & Associates - Bellevue
$4,500,000
7981 168th Ave Ne
Details
Property Type Office
Sub Type Executive Office
Square Footage 9,098
Tenancy Multi
Lease Type NNN
Price per SqFt $495
Class B
Year Built 1986
Acreage 0.440
Zoning Anderson Park (AP)
Office | 9,098 SqFt
Marketing description
Lee & Associates, as exclusive advisor, is pleased to represent the sale of Redmond Office Center, Building 4.
The office building is two-stories and consist of approximately 9,000 SF. The zoning, Anderson Park (AP), permits a wide variety of users including office and medical. The Building is multi-tenanted containing 26 tenants, styled as executive suites.
This offering presents an opportunity for owner/user investors, and developers. Investors can take advantage of the current cash flow, improving returns with the market. Owner/ users may acquire the building and enjoy cash flow with occupancy.
Investment highlights
- Opportunity to acquire one of the buildings as an owner/user investment property in Central Redmond, with high value-add potential.
- A development potential exists with an opportunity to acquire adjacent parcels for development.
- Well-maintained two-story wood frame structures with multi-tenant options and a great mix of private offices and open work space.
- The property offers abundant free surface parking at 4 stalls per 1,000 SF.
- Located near Downtown Redmond with convenient access to all downtown locations.
- Location is near Redmond Town Center with an abundance of amenities and great access to SR-520. Nearby amenities include Starbucks, Panera Bread, The UPS Store and Emerald Smoothie.
- Close to community amenities including King County's Marymoor Park, a 20,000-square-foot community center offering activities, rentals, and a comfortable space to disconnect and recharge.
- Lot Size: 19,000 SF
Listing Contacts
Listed by Lee & Associates - Bellevue
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