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Executive Suite with Shared Amenities
For Lease
$900/Mo

1601 116th Ave NE, Bellevue, WA 98004

Office suite featuring shared conference rooms and kitchenettes for rent.

Space SizeContact for details
Property Size300 SF
Days on Market200

Property Features for 1601 116th Ave NE

General Information

Standard status Active
Size 300 SF
Property subtype Commercial

Building Details

Year Built 1979
Listing Agency: LEIBSOHN & COMPANY
Listed By: DAN KREKEL, CCIM · License #52285
Source: Corcoran
Added: Jan 21 Changed: Aug 8 Last Checked: Aug 8 at 6:11AM

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 LEIBSOHN & COMPANY

Investment Insights

Based on property information with market context.

This executive suite offers 300 square feet of space and includes access to several shared amenities. The suite benefits from grade-level access. Shared facilities include two conference rooms, two kitchenettes, a mail room, and a waiting area.

Key Highlights

  • Executive suite features
  • Shared conference rooms (2)
  • Shared building kitchenettes (2)

Property Analytics

Current Use

Aim Physical Therapy Physician Doctor Dina's Whole ... Medical Clinic Dina Kisseleva Alternative Medicine Practice Dr. Laura James Alternative Medicine Practice Xpro Mortgage Inc. Loan Service

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Pet Grooming Service (Bike/Boat/Book/etc) Store Storage Facility Butcher

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

Lease Details

NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,849
Businesses Nearby

Demographics for 98004, WA

39,136
Population
20,977
Households
1.9
Avg Household Size
37
Median Age
76%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,361
Density / Sq Mi
$176,367
Median Household Income
$120,667
Median Earnings
$2,706
Median Rent
$2,000,001
Median Home Value

Market

Lease Benchmarks for Bellevue, WA

$37.24 /SF/Yr
Avg Asking Price
$30–$54.27 /SF/Yr
Price Range
9,574 SF
Avg Space Size

This space is priced 3% below the average of $37.24 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office suite featuring shared conference rooms and kitchenettes for rent.
Where is this office units located?
The property is located at 1601 116th Ave NE Bellevue, WA.
What is the lease rate?
The lease rate is $900/Mo.
What are key features of this property?
This property features: Executive suite features; Shared conference rooms (2); Shared building kitchenettes (2)
More about this property
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