1900 116th Avenue NE Unit #100/1, Bellevue, WA 98004
- $3,688,000
Listing courtesy of TEC Real Estate Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,688,000
- List Price
- $3,788,000
- Status
- SOLD
- MLS#
- 2269155
- Closing Date
- Dec 10, 2024
- Days on Market
- 1139
- Annual Tax Ammount
- 20808
Property Description
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
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Additional Information
- Community
- Downtown
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1979
- # of Assigned Spaces
- 30
- Roof
- Composition
- Tax Year
- 2023
- HOA Dues
- $3,547
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Ceramic Tile, Laminate, Wall to Wall Carpet
- Flooring
- Ceramic Tile, Laminate, Carpet
- Driving Directions
- i-405 N, Exit 13-A/13-B For NE 4th Street, Right On Fork Merge Onto Ne 4th Street, Turn left ( North) On 116th Avenue NE, Northwest Medical Building On Right. Entry To Suite 100 & 101 Building Rear
- Other Expenses
- 42564
- Energy Source
- Natural Gas
- Net Operating Income
- $186,961
- Gross Scheduled Income
- $250,333
- Cap Rate
- 5
- Vacancy Rate
- 1
- Total Expenses
- $63,372
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