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14205 Building 14205 SE 36th St 41,577 SF 100% Leased Office Building Bellevue, WA 98006 $15,425,000 ($371.00/SF) 6.75% Cap Rate



Investment Highlights
- EXCEPTIONAL OCCUPANCY & RETENTION
- INFLATION-HEDGED LEASES
- PROXIMITY TO TALENT & AMENITIES
- ANCHOR TENANT COMMITMENT
- PREMIER CONNECTIVITY
- SUPPLY-CONSTRAINED SUBMARKET
Executive Summary
The 14205 Building presents a premier investment opportunity to acquire a high-image, fully stabilized office asset in the heart of Bellevue’s desirable I-90 corridor.
Comprising 41,577 rentable square feet, the property is 100% occupied by a diverse mix of seven professional and medical tenants, providing immediate and dependable cash flow. With a staggered lease expiration schedule and a core anchor tenant recently extended through 2033, the asset offers rare income durability in one of the Pacific Northwest’s most resilient submarkets.
The property has benefited from recent capital improvements designed to minimize near-term expenditure and preserve its competitive Class A suburban feel. Situated at the strategic junction of I-90 and I-405, the building serves as a mission-critical location for tenants seeking proximity to both the Seattle and Bellevue central business districts while offering the convenience and accessibility of the Eastgate area.
Comprising 41,577 rentable square feet, the property is 100% occupied by a diverse mix of seven professional and medical tenants, providing immediate and dependable cash flow. With a staggered lease expiration schedule and a core anchor tenant recently extended through 2033, the asset offers rare income durability in one of the Pacific Northwest’s most resilient submarkets.
The property has benefited from recent capital improvements designed to minimize near-term expenditure and preserve its competitive Class A suburban feel. Situated at the strategic junction of I-90 and I-405, the building serves as a mission-critical location for tenants seeking proximity to both the Seattle and Bellevue central business districts while offering the convenience and accessibility of the Eastgate area.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
41,577 SF
Building Class
B
Year Built
1990
Price
$15,425,000
Price Per SF
$371.00
Cap Rate
6.75%
NOI
$1,041,188
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,859 SF
Building FAR
0.44
Lot Size
2.17 AC
Zoning
OLB2 - Office and Limited Business 2
Parking
110 Spaces (2.65 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Property Manager on Site
- Air Conditioning
Property Taxes
| Parcel Number | 102405-9084 | Improvements Assessment | $7,256,100 |
| Land Assessment | $5,766,000 | Total Assessment | $13,022,100 |
Property Taxes
Parcel Number
102405-9084
Land Assessment
$5,766,000
Improvements Assessment
$7,256,100
Total Assessment
$13,022,100
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14205 Building | 14205 SE 36th St
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