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Forum South Building C Office 12509 NE Bel Red Rd 7,686 SF 100% Leased Office Building Bellevue, WA 98005 $4,890,000 ($636.22/SF)



Executive Summary
WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue’s Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,686 SF
Year Built/Renovated
1983/2010
Price
$4,890,000
Price Per SF
$636.22
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,843 SF
Zoning
O
Amenities
- 24 Hour Access
- Day Care
- Signage
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Property Taxes
| Parcel Number | 260800-0030 | Improvements Assessment | $1,219,500 |
| Land Assessment | $2,584,800 | Total Assessment | $3,804,300 |
Property Taxes
Parcel Number
260800-0030
Land Assessment
$2,584,800
Improvements Assessment
$1,219,500
Total Assessment
$3,804,300
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Forum South Building C Office | 12509 NE Bel Red Rd
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