12020 113th Ave NE - Flex FOR SALE


Kirkland, WA 98034- Totem Lake
$11,650,000 USD
206-713-5323
12020 113th Ave NE, Kirkland, WA for Sale
$11,650,000 USD
Flex - FOR SALE
1/4
null | 5.99% Cap Rate

12020 113th Ave NE
Kirkland, WA 98034
Totem Lake


HIGHLIGHTS

  • High-quality masonry construction built in 1987
  • 84.2% leased with many long-term stable tenancies
  • Situated on 1.98 acres of land with 125 parking stalls
  • Highly accessible and sought-after Kirkland location with immediate access to I-405 via NE 124th Street and NE 116th Street

OVERVIEW

Colliers International is pleased to present this investment opportunity to acquire a 2-story office/flex building in the well established Kirkland 405 Corporate Center. The offering includes a 37,486 RSF building on 1.98 acres with a strong tenant base. Located just minutes from I-405 via NE 124th Street and NE 116th Street, it is within walking distance to nearby restaurants, retail, and services. The Villages at Totem Lake, with ~63 shops including Whole Foods, Trader Joe’s, Nordstrom Rack, Barnes & Noble, Sephora, and more, is just minutes away. The Villages also includes a Cinemark theater, a variety of restaurants, cafes, fitness & wellness studios, spa, and regular community events like summer concerts. This stable, income-producing asset presents an outstanding investment opportunity in one of the Eastside’s most active and growing commercial hubs.

FOR SALE DETAILS

PRICE

$11,650,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

5.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg C

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.98

LAND SF

86,249

ZONING

TL 10A

APN/PARCEL ID

389060-0040

ASK ABOUT THIS PROPERTY

Derek HeedColliersMore Info
206-713-5323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Derek HeedColliersMore Info
206-713-5323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.