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Building A 3350 161st Ave SE 45,279 SF 89% Leased Office Building Bellevue, WA 98008 $16,850,000 ($372.14/SF)



Investment Highlights
- Ability for owner-user to occupy all or most of the building
- Zoning flexibility offers potential for educational services
- Excellent proximity to major freeways
- Conversion potential to residential development
- Zoning flexibility offers potential for medical services
- Convenient transit connectivity
Executive Summary
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 6,941 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, providing 4 years of term 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. While the Property lies within a business park with Building B, it is not part of this offering, and it is fully leased to 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, several nearby sites in the same zoning designation have proposed office to residential development.
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, several nearby sites in the same zoning designation have proposed office to residential development.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
45,279 SF
Building Class
B
Year Built/Renovated
1982/2006
Price
$16,850,000
Price Per SF
$372.14
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,640 SF
Building FAR
0.36
Lot Size
2.87 AC
Zoning
OLB-2 - OLB-2 (Office and Industrial Business District 2)
Parking
180 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Backup Power / Generators
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Entire first floor contiguous with office/medical build out.
Medical office corner suite with Cascade Mountain views and a dedicated patio.
Dental office corner suite with abundant natural light.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 21,001 SF | Office/Medical | Partial Build-Out | 30 Days |
| 2nd Fl-Ste 204 | 2,428 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 205 | 2,671 SF | Office/Medical | Partial Build-Out | Now |
1st Fl-Ste 100
| Size |
| 21,001 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 204
| Size |
| 2,428 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 2,671 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 100
| Size | 21,001 SF |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | 30 Days |
Entire first floor contiguous with office/medical build out.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 204
| Size | 2,428 SF |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
Medical office corner suite with Cascade Mountain views and a dedicated patio.
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 205
| Size | 2,671 SF |
| Space Use | Office/Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
Dental office corner suite with abundant natural light.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 112405-9015 | Improvements Assessment | $56,800 |
| Land Assessment | $7,748,200 | Total Assessment | $7,805,000 |
Property Taxes
Parcel Number
112405-9015
Land Assessment
$7,748,200
Improvements Assessment
$56,800
Total Assessment
$7,805,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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