12509 NE Bel Red Rd - Office FOR SALE


Bellevue, WA 98005- Wilburton-NE 8th St
$4,890,000 USD
206-849-8858
12509 NE Bel Red Rd, Bellevue, WA for Sale
$4,890,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

12509 NE Bel Red Rd
Bellevue, WA 98005
Wilburton-NE 8th St


OVERVIEW

WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue’s Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.

FOR SALE DETAILS

PRICE

$4,890,000 USD

PRICE/SF

$636 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forum South Building C Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

O

APN/PARCEL ID

260800-0030

ASK ABOUT THIS PROPERTY

TC WuWPI Real Estate ServicesMore Info
206-849-8858

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TC WuWPI Real Estate ServicesMore Info
206-849-8858

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