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Place Ten Professional Bldg 12301 NE 10th Pl 32,329 SF 100% Leased Office Building Bellevue, WA 98005 $18,000,000 ($556.78/SF) 5.04% Cap Rate
Executive Summary
Fully leased 3-story medical/office asset in Bellevue featuring long-term tenancy, recent upgrades, and strong in-place income. Prime Eastside location near Downtown Bellevue and Overlake Medical Center with MUR-M zoning offering future redevelopment potential.
* 100% leased with long-term, stable tenancy
* Strong in-place income with minimal near-term rollover
* Recently renovated (2020–2022) with modernized common areas
* Medical/office tenant mix with established occupancy
* Prime Bellevue location near Downtown & Overlake Medical Center
* High-demand Eastside submarket with low vacancy
* 119 parking stalls (4.4/1,000 RSF)
* MUR-M zoning provides future redevelopment upside
* 100% leased with long-term, stable tenancy
* Strong in-place income with minimal near-term rollover
* Recently renovated (2020–2022) with modernized common areas
* Medical/office tenant mix with established occupancy
* Prime Bellevue location near Downtown & Overlake Medical Center
* High-demand Eastside submarket with low vacancy
* 119 parking stalls (4.4/1,000 RSF)
* MUR-M zoning provides future redevelopment upside
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
32,329 SF
Building Class
B
Year Built/Renovated
1980/2022
Price
$18,000,000
Price Per SF
$556.78
Cap Rate
5.04%
NOI
$907,799
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,776 SF
Building FAR
0.52
Lot Size
1.44 AC
Zoning
MUR-M
Parking
119 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 109910-0176 | Improvements Assessment | $2,487,300 |
| Land Assessment | $6,585,600 | Total Assessment | $9,072,900 |
Property Taxes
Parcel Number
109910-0176
Land Assessment
$6,585,600
Improvements Assessment
$2,487,300
Total Assessment
$9,072,900
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Place Ten Professional Bldg | 12301 NE 10th Pl
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