Two-Story Leased Office
320 3rd Ave NE Issaquah, WA 98027
For Sale
Contact for pricing
Two-story office building offered fully leased on a NNN basis with on-site parking and street parking.
Property Size8,289 SF
Price / SF$530.82
Days on Market499
Property Features for 320 3rd Ave NE
General Information
Standard status
Active
Size
8,289 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield
(425) 455-4500
Listed By:
Brian Toy
(425) 455-4500
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 26
Last Checked: Jul 29 at 1:25PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This two-story office building comprises 8,289 square feet and is currently 100% leased. The property is being marketed as an investment, with stated current rent of $18,485 per month on an NNN basis.
The building offers excellent parking in addition to street parking. The listing also notes the option to include an adjacent house by including parcel # 5279100751.
Located at 320 3rd Ave NE in Issaquah, Washington, the asset is presented for sale with existing tenant occupancy in place.
The building offers excellent parking in addition to street parking. The listing also notes the option to include an adjacent house by including parcel # 5279100751.
Located at 320 3rd Ave NE in Issaquah, Washington, the asset is presented for sale with existing tenant occupancy in place.
Key Highlights
- Two‑story office building totaling 8,289 SF on two floors
- Fully leased investment: 100% leased on a NNN basis
- Current lease income of $18,485/month NNN
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.4k | $36.00 |
| − Vacancy | −$65.4k | −$7.88 |
| EGI | $233.1k | $28.12 |
| − OpEx | −$58.3k | −$7.03 |
| NOI | $174.8k | $21.09 |
8,289 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.50M
$2.18M – $2.91M
NOI $174,790 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,397 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building offered fully leased on a NNN basis with on-site parking and street parking.
Where is this office building located?
The property is located at 320 3rd Ave NE Issaquah, WA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Two‑story office building totaling 8,289 SF on two floors; Fully leased investment: 100% leased on a NNN basis; Current lease income of $18,485/month NNN
