206-715-9910
15805 SE 37th St, Bellevue, WA for Sale
Hospitality - FOR SALE
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15805 SE 37th St
Bellevue, WA 98006
Eastgate


HIGHLIGHTS

  • Ideally positioned within the core Eastside submarket near a diverse mix of corporate demand
  • Bellevue office market represents one of the largest and most affluent employment bases in the pacific Northwest
  • Largest suites measuring 300 SF and larger, all with full kitchens, living, and sleeping areas
  • Offered unencumbered of management & brand
  • Affiliation with national franchise and completion of capital improvements will drive RevPAR
  • High barriers to entry due to limited development sites, high construction costs, and strict entitlement environment

OVERVIEW

CBRE Hotels, as the exclusive advisor, is pleased to present the 126-key Larkspur Landing Bellevue. Located in the heart of the Eastside submarket, the Larkspur Landing is prominently positioned in Bellevue, Washington, proximate to Interstate 405 and State Route 520, within the incorporated City of Bellevue. Bellevue stands as one of the Puget Sound region’s primary economic centers, distinguished by its highly educated workforce, elevated household incomes, and a real estate market among the most valuable and supply-constrained in the Pacific Northwest. The Hotel is located near several major Fortune 100 and leading technology companies, including Microsoft, Amazon, Meta, Google, Salesforce, and T-Mobile, as well as numerous regional headquarters and satellite offices throughout Bellevue, Redmond, and Kirkland. Downtown Seattle, the Seattle Convention Center, Climate Pledge Arena, and Lumen Field are all located within a 15-mile radius. Seattle-Tacoma International Airport (“SEA”) is approximately 17 miles south of the Hotel, while Paine Field is roughly 20 miles to the north. Opened in the late 1990s, the Larkspur Landing Bellevue is a four-story, wood-frame property situated on approximately two acres. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated meeting and common areas. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.

FOR SALE DETAILS

PRICE

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# OF ROOMS

126

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Larkspur Landing Bellevue

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

79

LAND DETAILS

LAND ACRES

3.83 AC

LAND SF

166,835 SF

ZONING

OLB

APN/PARCEL ID

112405-9118

ASK ABOUT THIS PROPERTY

206-715-9910

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206-715-9910

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