3350 161st Ave SE - Medical FOR SALE


Bellevue, WA 98008- Eastgate
$16,850,000 USD
425-891-5115
3350 161st Ave SE, Bellevue, WA for Sale
$16,850,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

3350 161st Ave SE
Bellevue, WA 98008
Eastgate


HIGHLIGHTS

  • Ability for Owner/User to Occupy All or Most of the Building
  • Location and Proximity to Freeways and Transit
  • Covered Land Opportunity for Future Residential Development
  • Residential Development Zoning Flexibility Offers Potential for Uses that Fit Current Floor Plates such as Educational and Medical Services

OVERVIEW

I-90 Corporate Campus Building A is a 45,279 square foot office building located at 3350 161st Ave SE in Bellevue, WA. The Property is currently occupied by Atkinson Construction, occupying 19,179 SF of the total rentable area. The company is a subsidiary of Clark Construction Group, LLC, a leading construction service provider in the U.S. Atkinson Construction’s lease expires in 2027, and the opportunity to position the asset as a partly or fully leased owner-user opportunity with no option for the tenant to renew within the lease. The adjacent Corporate Campus B building is fully leased and occupied by Prime Electric. The greater I-90 submarket has an extremely diverse set of tenants, housing T-Mobile’s headquarters, Siemens, Samsung, LG Electronics, and other widely known tech companies. The current zoning designation, OLB-2, offers immense potential for residential, educational, or medical development. The abundance of nearby parks, corporate campuses, and residential neighborhoods highlight the Property’s location as an ideal site for future development, and several nearby sites in the same zoning designation have proposed office to residential development.

FOR SALE DETAILS

PRICE

$16,850,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

I-90 Corporate Campus - Building A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

O\C, Bellevue

APN/PARCEL ID

112405-9015

ASK ABOUT THIS PROPERTY

Sam ZiembaJLLMore Info
425-891-5115

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Sam ZiembaJLLMore Info
425-891-5115

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