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Uplake Professional Center 5723 Bothell Way NE 8,602 SF 100% Leased Office Building Kenmore, WA 98028 $4,350,000 ($505.70/SF) 5.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Medical/Dental Investment Purchase Opportunity
- 100% Current & Historical Occupancy
EXECUTIVE SUMMARY
Uplake Professional Center is an ±8,602 SF gross (8,400 SF per Rent Roll) purpose built medical-dental building on a ±0.51-acre lot overlooking Lake Washington. It was originally developed for the current ownership’s uses. The property features stunning views and convenient access to nearby restaurants, shops, and public transportation. Strategically located just ±10 minutes from I-405 and ±15 minutes from I-5, it offers time saving connectivity to Sound Transit Light Rail (±15 Minutes) and convenient access to the densely populated communities on the Eastside and in North Seattle.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,602 SF
Building Class
B
Year Built
1990
Price
$4,350,000
Price Per SF
$505.70
Cap Rate
5.77%
NOI
$250,800
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
4,301 SF
Building FAR
0.39
Lot Size
0.51 AC
Zoning
UC
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Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 112604-9030 | Improvements Assessment | $1,607,000 |
| Land Assessment | $1,005,700 | Total Assessment | $2,612,700 |
PROPERTY TAXES
Parcel Number
112604-9030
Land Assessment
$1,005,700
Improvements Assessment
$1,607,000
Total Assessment
$2,612,700
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Uplake Professional Center | 5723 Bothell Way NE
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