310 3rd Ave NE - Office FOR SALE


Issaquah, WA 98027- Gilman
$3,325,000 USD
206-584-6195
310 3rd Ave NE, Issaquah, WA for Sale
$3,325,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

NEW


310 3rd Ave NE
Issaquah, WA 98027
Gilman


HIGHLIGHTS

  • STRATEGIC OWNER-USER OPPORTUNITY
  • BEST-IN-CLASS PARKING RATIO (3.81/1,000 SF)
  • SUPPLY-CONSTRAINED “OLDE TOWN” SCARCITY
  • AMENITY-RICH & HIGHLY WALKABLE LOCATION
  • TURNKEY PROFESSIONAL OFFICE
  • ELITE DEMOGRAPHICS

OVERVIEW

Northmarq is pleased to present the offering for Brookside Commons in Issaquah, WA. This is a ±6,647 square foot office property that presents a unique opportunity for investors, owner users, or a full-building tenant to secure a well-located asset in one of East King County’s most desirable suburban office markets. The property is currently occupied by more than 20 private office tenants on month-to-month leases, providing immediate income while allowing a new owner to gradually mark rents to market and secure longer-term tenancy. Alternatively, the flexible lease structure allows for the potential conversion to a full-building occupancy by an owner-user or single tenant over time. The property benefits from 25 designated covered parking stalls. This parking ratio exceeds most comparable office properties in the submarket, providing a valuable amenity for tenants, employees, and visitors. Ownership is offering the property for sale or for lease to a single tenant, creating multiple pathways for a buyer or occupant to capitalize on the asset’s flexibility. Investors can continue the current multi-tenant office model and capture upside through incremental rent increases and longer lease terms, while owner users or full-building tenants have the rare opportunity to establish a presence in a highly supply-constrained submarket. The Issaquah office market continues to experience limited new development and strong demand from professional service firms and local businesses, supporting rental rates approaching $40/SF for quality office space and positioning the property well for future income growth.

FOR SALE DETAILS

PRICE

$3,325,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Brookside Commons

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

MU - Mixed Use

APN/PARCEL ID

527910-0755

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

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