206-387-5426
12001-12005 NE 12th St, Bellevue, WA for Sale
Freestanding - FOR SALE
1/9
null | Request Cap Rate

12001-12005 NE 12th St
Bellevue, WA 98005
Bel-Red


HIGHLIGHTS

  • Tier 1 global investment market with low multifamily vacancy rates, strong rent growth and an undersupplied For Sale housing market.
  • Centrally located between the Wilburton and Spring District train stations, Meta’s Spring District Campus, Whole Foods/Uwajimaya/Total Wine
  • One of the fastest recovering office markets in the country with proven tenant demand
  • Exceptional opportunity to create a marquee residential community in the center of Eastside’s most affluent submarket

OVERVIEW

Lee & Associates Commercial Real Estate Services, LLC is the pleased to present Brierwood Center, a generational investment and redevelopment opportunity. This 48,474 SF retail property is 100% leased, and generated $840,117 in Net Operating Income in CY 2024. Situated on 2.69 acres (117,403 SF) in the Wilburton neighborhood which is considered to be the gateway to downtown Bellevue. The site offers immediate cash flow with significant upside through redevelopment potential. Positioned within the Eastside’s Innovation Triangle and adjacent to the Meta-occupied Spring District, Brierwood Center is ideally zoned for a high-density, mixed-use transformation. With seamless access to retail, dining, and major transit—including Bel-Red Rd/NE 12th, SR 520, I-405, and the new Sound Transit Light Rail—this site is well-suited for residential and/or mixeduse development.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brierwood Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

167

LAND DETAILS

CROSS STREETS

120th Ave

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

LI

APN/PARCEL ID

109910-0165

ASK ABOUT THIS PROPERTY

Adrienne HunterLee & Associates Commercial Real Estate ServicesMore Info
206-387-5426

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Adrienne HunterLee & Associates Commercial Real Estate ServicesMore Info
206-387-5426

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