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- LoopNet Team
1900 116th Ave NE
Bellevue, WA 98004
Northwest Medical Bldg · Office Property For Sale
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
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 )) |
