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1900 116th Ave NE - Northwest Medical Bldg
4,526 SF Office/Medical Unit Offered at £2,963,921 in Bellevue, WA 98004
Investment Highlights
- Exceptional Bellevue Medical Corridor Investment.
- Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale,NOT THE BUILDING
- Professionally Manage With 4.97% Cap Rate.
- Medical Building Suites#100 & 101 With 4,526 SF Space
- Easy Access To All Amenities. With 30 Ground Ample Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score
Executive Summary
Exceptional Investment Opportunity.Prime Northwest Medical Building Suites#100 & 101 With 4,526 SF Space, Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale,NOT THE BUILDING.Zoned BR-MO (Bel-Red Medical Office).Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Across Overlake Hospital With 30 Ground Ample Shared Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 5.0%* Cap Rate. Building Age is 1979,Refurbish In 2013.Median Household Income Of $150,000 Within 5 Miles Radius. Exceptional Bellevue Medical Corridor Investment Opportunity
Property Facts
| Price | £2,963,921 | Building Class | B |
| Unit Size | 4,526 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 2,263 SF |
| Total Building Size | 4,526 SF | Year Built | 1979 |
| Property Type | Office (Unit) | Lot Size | 0.80 AC |
| Property Subtype | Medical | Parking Ratio | 6.63/1,000 SF |
| Sale Type | Investment |
| Price | £2,963,921 |
| Unit Size | 4,526 SF |
| No. Units | 1 |
| Total Building Size | 4,526 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 2,263 SF |
| Year Built | 1979 |
| Lot Size | 0.80 AC |
| Parking Ratio | 6.63/1,000 SF |
1 Unit Available
Unit 101/101
| Unit Size | 4,526 SF | Sale Type | Investment |
| Price | £2,963,921 | Net Initial Yield | 4.97% |
| Price Per SF | £654.87 | NOI | £147,306.86 |
| Unit Use | Office/Medical | APN/Parcel ID | 619598-0010, 619598-0020 |
| Unit Size | 4,526 SF |
| Price | £2,963,921 |
| Price Per SF | £654.87 |
| Unit Use | Office/Medical |
| Sale Type | Investment |
| Net Initial Yield | 4.97% |
| NOI | £147,306.86 |
| APN/Parcel ID | 619598-0010, 619598-0020 |
Description
Exceptional Investment Opportunity. Prime Northwest Medical Building Suite #100 & #101 With 4,526 Space
Sale Notes
Backed By 5 Years Of balance Lease With 2% Annual Increase. Zoned BR-MO (Bel-Red Medical Office). The Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Two Lower Floor Suites Separate Entry Is Ideally Situated, Easy Access To All Amenities. With 30 Ground Ample Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 4.97% Cap Rate.
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Air Conditioning
zoning
| Zoning Code | BR-MO (BR-MO ( Bed-Red Medical Office )) |
| BR-MO (BR-MO ( Bed-Red Medical Office )) |
Presented by
1900 116th Ave NE - Northwest Medical Bldg
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