14935 NE 95th St, Redmond, WA 98052

Willows NW Business Park is a premier 28,900 SF multitenant industrial asset located in Redmond’s highly sought after Willows Road corridor. Situated at the epicenter of the region’s innovation economy, the property serves as a critical hub for essential service providers supporting global giants like Microsoft and SpaceX. In a submarket characterized by sub-2% vacancy and extreme barriers to entry, this two-building park offers rare “small-bay” configurations that are increasingly scarce as high land costs and tech flex conversions make new industrial development nearly impossible.

The investment is being offered unpriced, providing a unique opportunity to acquire a high-performance asset with significant embedded rental growth. Currently 87.5% occupied, the asset features a weighted average in-place rent of approximately $1.85/SF, trailing the proven market rate of $2.10/SF. This upward momentum is already being realized through recent renewals, such as Identity Signs, which secured an ±8% rent increase effective May 2026. With 3,624 SF of immediately available space in Building B, a buyer can capture immediate upside through lease up or establish a strategic owner-user headquarters.