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Wilburton Central 2 Office Properties Offered at $35,000,000 in Bellevue, WA



Investment Highlights
- Rare Large Urban Infill Site
- MU-H Zoning with Material Density Upside
- Cash Flowing Institutional Quality Medical Office Covered Land
- Transit-Oriented Redevelopment Thesis
Executive Summary
Cushman & Wakefield is pleased to present Wilburton Central, an institutional-grade covered land opportunity located along 116th Avenue NE within Bellevue’s Wilburton
district—one of the City’s most transformative and capitalized urban growth corridors.
The offering comprises two strategically positioned parcels that provide buyers with immediate in-place income from fully leased institutionally owned medical office buildings, while preserving the zoning certainty, density profile, and transit orientation required for high-density residential and mixed-use redevelopment. The combination of land area, zoning, light rail transit proximity, and covered land economics creates a compelling risk-adjusted investment with multiple execution paths for the three parcels.
Branded collectively as Wilburton Central, the (“property”) offers a rare ability to control premier mixed-use high-rise (MU-H) land today while maintaining flexibility
around timing, phasing, and ultimate execution strategy.
This Property is being offered on an “as-is” basis for the fee simple interest in the building and land thereunder. Ownership will not consider offers that close upon entitlement.
district—one of the City’s most transformative and capitalized urban growth corridors.
The offering comprises two strategically positioned parcels that provide buyers with immediate in-place income from fully leased institutionally owned medical office buildings, while preserving the zoning certainty, density profile, and transit orientation required for high-density residential and mixed-use redevelopment. The combination of land area, zoning, light rail transit proximity, and covered land economics creates a compelling risk-adjusted investment with multiple execution paths for the three parcels.
Branded collectively as Wilburton Central, the (“property”) offers a rare ability to control premier mixed-use high-rise (MU-H) land today while maintaining flexibility
around timing, phasing, and ultimate execution strategy.
This Property is being offered on an “as-is” basis for the fee simple interest in the building and land thereunder. Ownership will not consider offers that close upon entitlement.
Property Facts
| Price | $35,000,000 | Number of Properties | 2 |
| Price / SF | $882.52 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 39,659 SF |
| Status | Active | Total Land Area | 2.55 AC |
| Price | $35,000,000 |
| Price / SF | $882.52 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 39,659 SF |
| Total Land Area | 2.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Eastview Professional Bldg
1370 116th Ave NE, Bellevue, WA 98004 |
Office | 26,345 SF | 1987 | - |
|
Eastview Professional Building II
1310 116th Ave NE, Bellevue, WA 98004 |
Office | 13,314 SF | 1978 | - |
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Wilburton Central
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