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Riverside Business Center 10634 E Riverside Dr 17,506 SF 85% Leased Office Building Bothell, WA 98011 $5,250,000 ($299.90/SF) 5.18% Cap Rate
Executive Summary
High end construction, 3 story office building just around the corner from downtown Bothell. Easy commute to Seattle or to the Eastside.
Current owner occupies suite 130 while suite 250 is vacant. The current owner could move to 250 (2600sf) if a buyer prefers the ground floor office (2300sf). Suite 130 is more of a traditional medical office suite with large waiting room, reception area then offices with windows and some without for exam rooms. Suite 250 is a more traditional office space with 5 executive offices with windows, 3 other offices without windows, plus conference room, kitchen and space for cubicles. Current leases in the building average $25 gross per sf. Getting calls from tenants for 250 but waiting to see if a new owner wishes to occupy space here.
Current owner occupies suite 130 while suite 250 is vacant. The current owner could move to 250 (2600sf) if a buyer prefers the ground floor office (2300sf). Suite 130 is more of a traditional medical office suite with large waiting room, reception area then offices with windows and some without for exam rooms. Suite 250 is a more traditional office space with 5 executive offices with windows, 3 other offices without windows, plus conference room, kitchen and space for cubicles. Current leases in the building average $25 gross per sf. Getting calls from tenants for 250 but waiting to see if a new owner wishes to occupy space here.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,506 SF
Building Class
B
Year Built/Renovated
1977/1990
Price
$5,250,000
Price Per SF
$299.90
Cap Rate
5.18%
NOI
$272,000
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,833 SF
Building FAR
0.69
Lot Size
0.58 AC
Zoning
B/O-P/R, Bothell - Three story office building. Professional office tenants, one beauty salon.
Parking
50 Spaces (2.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Central Heating
- Fully Carpeted
- Natural Light
- Partitioned Offices
- Air Conditioning
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 082605-9131 | Improvements Assessment | $2,170,600 |
| Land Assessment | $920,500 | Total Assessment | $3,091,100 |
Property Taxes
Parcel Number
082605-9131
Land Assessment
$920,500
Improvements Assessment
$2,170,600
Total Assessment
$3,091,100
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Riverside Business Center | 10634 E Riverside Dr
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