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I-90 Corporate Campus - Building A 3350 161st Ave SE

45,279 SF Vacant Office Building Bellevue, WA 98008 £14,866,550 (£328/SF)

Investment Highlights

  • Rare Owner User Opportunity in Bellevue
  • Location and Proximity to Freeways and Transit
  • Ability for Owner/User to Occupy All or Most of the Building
  • Conversion Potential to Residential Development

Executive Summary

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire I-90 Corporate Campus, Building A (the “Property” or “Building”). The Property compromises a 2-story, 45,279 square foot office building in Bellevue, WA. Part of a two-property campus and located in the center of the I-90 submarket, the Property offers a unique opportunity to benefit from 4 years of consistent cash flow, through the nationally recognized Construction Services company, Atkinson Construction, while also capitalizing on the Property’s ability to serve a multi-tenant or single-tenant owner-user following the in-place rollover. Positioning the Property as a partially or fully vacant building offers a significant opportunity for a wide range of sizes and uses. I-90 Corridor is a hub for the ecommerce and tech industry, housing T-Mobile and Costco as the largest tenants in the area. The area is also conveniently located between two of Washington’s major highways, Interstate 90 and 405 which offers connectivity to freeways and transit throughout the Seattle MSA. The Eastside, particularly Bellevue, has seen significant demand in relation to sales transaction volume over the last 6 months, standing out from the other areas in Seattle.

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
45,279 SF
Building Class
B
Year Built/Renovated
1982/2006
Price
£14,866,550
Price Per SF
£328
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
22,640 SF
Building FAR
0.36
Lot Size
2.87 AC
Zoning
O\C, Bellevue - Office and Limited Business District 2
Parking
180 Spaces (4 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 21,001 SF
  • Office/Medical
  • Partial Build-Out
  • 30 Days

Entire first floor contiguous with office/medical build out.

  • 2nd Fl-Ste 201
  • 12,238 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Entire first floor and partial second floor contiguous.

  • 2nd Fl-Ste 204
  • 2,428 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Medical office corner suite with Cascade Mountain views and a dedicated patio.

  • 2nd Fl-Ste 205
  • 2,671 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Dental office corner suite with abundant natural light.

Space Size Space Use Condition Available
1st Fl-Ste 100 21,001 SF Office/Medical Partial Build-Out 30 Days
2nd Fl-Ste 201 12,238 SF Office/Medical Partial Build-Out Now
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
Condition
Partial Build-Out
Available
30 Days

2nd Fl-Ste 201

Size
12,238 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 204

Size
2,428 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 205

Size
2,671 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 100

Size 21,001 SF
Space Use Office/Medical
Condition Partial Build-Out
Available 30 Days

Entire first floor contiguous with office/medical build out.

2nd Fl-Ste 201

Size 12,238 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Entire first floor and partial second floor contiguous.

2nd Fl-Ste 204

Size 2,428 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Medical office corner suite with Cascade Mountain views and a dedicated patio.

2nd Fl-Ste 205

Size 2,671 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Dental office corner suite with abundant natural light.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
112405-9015
Land Assessment
£5,769,239
Improvements Assessment
£7,483,900
Total Assessment
£13,253,138
  • Listing ID: 30628296

  • Date on Market: 10/01/2024

  • Last Updated:

  • Address: 3350 161st Ave SE, Bellevue, WA 98008

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