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Elevator-Served Office Building
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Pending

13128 Totem Lake Blvd NE, Kirkland, WA 98034

Two-story medical office asset with five tenants under triple-net leases and full occupancy.

Property SizeContact for details
Days on Market143

Property Features for 13128 Totem Lake Blvd NE

General Information

Standard status Pending
Property subtype Office
Listing Agency: Kidder Mathews South Seattle
Listed By: Jeff Loftus · License #WA 17539
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:28PM

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 Kidder Mathews South Seattle

Investment Insights

Based on property information with market context.

This two-story office building at 13128 Totem Lake Blvd NE in Kirkland was built in 1983 and is served by an elevator. The property is fully leased to five medical-related tenants, with each tenancy structured as a triple-net lease. The building is positioned just north of the main Totem Lake retail area and near Evergreen Health Medical Center.

A northbound I-405 onramp is under construction across the street to the north. The property offers an established medical-office configuration with continued occupancy and a 4.7% cap rate.

Key Highlights

  • 100% leased to 5 medical‑related tenants
  • All tenant agreements are structured as triple‑net leases
  • Two‑story building constructed in 1983

Property Analytics

Current Use

Select Physical Therapy ... Medical Clinic Heather Stewart Midwife Nicole Donovan Midwife Heike Gurth Hornsby Midwife Kaja Madrone Powers Midwife

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Restaurant Auto Parts Store Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,613
Businesses Nearby

Demographics for 98034, WA

51,464
Population
22,488
Households
2.3
Avg Household Size
38
Median Age
58%
College-Educated
96%
High-School Grad
9.8 sq mi
ZIP Area
5,251
Density / Sq Mi
$128,974
Median Household Income
$67,343
Median Earnings
$2,324
Median Rent
$875,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story medical office asset with five tenants under triple-net leases and full occupancy.
Where is this office building located?
The property is located at 13128 Totem Lake Blvd NE Kirkland, WA.
What are key features of this property?
This property features: 100% leased to 5 medical‑related tenants; All tenant agreements are structured as triple‑net leases; Two‑story building constructed in 1983
(206) 296-9625 Call to check price and availability
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