Listed by Cushman & Wakefield - Seattle, Washington, Cushman & Wakefield - Irvine Orange County, California
$35,000,000
Wilburton Central
Details
APN 2825059261, 2825059076, 2825059271
Property Type Land
Sub Type Commercial
Pro-Forma Cap Rate 4.16%
Pro-Forma NOI $1,455,846
Lot Size (SqFt) 111,141
Zoning MU-H
Sale Condition For sale by owner
Land | 111,141 SqFt
Investment highlights
Rare Large Urban Infill Site
• One of the few remaining opportunities to control a meaningful land area along 116th Ave NE
• Rare ability to assemble density in a corridor increasingly dominated by institutional owners and long-term holders
• Overlake and Kaiser Permanente Medical Centers a block to the west
• Corporate offices surround the Wilburton Central location:
Cash Flowing Institutional Quality
Medical Office Covered Land
• Multiple parcels provide exit optionality, including staged development, mixed-use concepts, and the ability to consolidate tenants
• Existing income provides downside protection while buyers evaluate zoning, design, and capital markets
• Ability to carry the site efficiently relative to vacant land alternatives
Listing Contacts
Listed by Cushman & Wakefield - Seattle, Washington, Cushman & Wakefield - Irvine Orange County, California
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