Issaquah Office Building For
For Sale
$4,650,000
Pending
185 Gilman Blvd, Issaquah, WA 98027
Office building with long-term tenant and owner-user opportunity in Issaquah.
Property SizeContact for details
Days on Market583
Property Features for 185 Gilman Blvd
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
APPLIED CAPITAL, LLC
(425) 643-2181
Listed By:
ROBERT FORENZA
Source:
Corcoran
Added: Jan 6, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APPLIED CAPITAL, LLC
Investment Insights
Based on property information with market context.
This office building presents an opportunity for an owner-user with sustained cash flow in downtown Issaquah. The first floor is leased to a credit pediatric dentist with 16 locations, under a new 10-year lease with 3% annual increases. The first-floor improvements are highly specialized. The second floor, consisting of approximately 3,599 RSF, is available for the purchaser's use. The office space is configured with perimeter private offices and conference rooms, three restrooms (including one with a shower), and a large breakroom with a full kitchen. The building is well-maintained, with a replaced roof. The location provides easy access to I-90, and numerous tenant amenities are within walking distance.
Key Highlights
- Long‑term, sustained cash flow from a 10‑year lease with a credit tenant (pediatric dentist with 16 locations) on the first floor.
- The first‑floor lease includes 3% annual increases.
- Opportunity for an owner‑user to occupy the second floor (approximately 3,599 RSF).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 98027, WA
29,089
Population
12,071
Households
2.4
Avg Household Size
41
Median Age
65%
College-Educated
97%
High-School Grad
57.2 sq mi
ZIP Area
509
Density / Sq Mi
$150,000
Median Household Income
$82,823
Median Earnings
$2,343
Median Rent
$976,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with long-term tenant and owner-user opportunity in Issaquah.
Where is this office building located?
The property is located at 185 Gilman Blvd Issaquah, WA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Long‑term, sustained cash flow from a 10‑year lease with a credit tenant (pediatric dentist with 16 locations) on the first floor.; The first‑floor lease includes 3% annual increases.; Opportunity for an owner‑user to occupy the second floor (approximately 3,599 RSF).
