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Village Office Park 3805 108th Ave NE 12,575 SF 99% Leased Office Building Bellevue, WA 98004 For Sale
EXECUTIVE SUMMARY
This is a development opportunity that is ideally positioned to access and enjoy the best of Bellevue, Kirkland, Seattle, and the Eastside. The site is a corner parcel that rests along the Cross Kirkland Corridor trail and is surrounded by a variety of residential zonings. The location boasts immediate access to SR 520, I-405, childcare, food, and the South Kirkland Park & Ride. Based on the zoning code, input from City of Bellevue staff, and an architectural analysis of the site constraints, we believe it is feasible to accommodate up to 27 dwelling units on the site, with suites ranging in size from 2-3 bedroom units, using a concept that includes 3 levels of flat units over enclosed parking. The concept includes additional guest parking as well. The property area is approximately 59,577 SF (1.37 acres) and allows for a maximum lot coverage area of 18,468 SF. The existing
building can be completely vacated by December 31, 2027.
building can be completely vacated by December 31, 2027.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
12,575 SF
Building Class
B
Year Built/Renovated
1980/1999
NOI
$326,000
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,363 SF
Slab To Slab
10’
Building FAR
0.21
Lot Size
1.37 AC
Zoning
O, Bellevue
Parking
52 Spaces (4.92 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Low cost secure storage space with vehicle access, dry climate control, and 24/7 access. Available for $159/Month.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Storage #9 | 115 SF | Office | - | Now |
1st Fl-Ste Storage #9
| Size |
| 115 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Storage #9
| Size | 115 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Low cost secure storage space with vehicle access, dry climate control, and 24/7 access. Available for $159/Month.
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PROPERTY TAXES
| Parcel Number | 202505-9234 | Improvements Assessment | $349,300 |
| Land Assessment | $3,217,200 | Total Assessment | $3,566,500 |
PROPERTY TAXES
Parcel Number
202505-9234
Land Assessment
$3,217,200
Improvements Assessment
$349,300
Total Assessment
$3,566,500
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Village Office Park | 3805 108th Ave NE
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