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Kirkland Office Building For Rent
For Lease
$45 SF/Yr

520 Kirkland Way, Kirkland, WA 98033

Four-story office building in downtown Kirkland, built in 1995.

Space SizeContact for details
Days on Market151

Property Features for 520 Kirkland Way

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Bellevue
Listed By: Jeff Jochums
Source: Cbre
Added: Mar 25 Changed: Aug 14 Last Checked: Aug 22 at 8:45AM

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 CBRE - Bellevue

Investment Insights

Based on property information with market context.

This well-maintained four-story office building, constructed in 1995, offers a professional environment. Select units feature private decks. Parking is abundant, with a ratio of 4 spaces per 1,000 square feet, including complimentary covered parking. The property is situated in downtown Kirkland, adjacent to Kirkland Urban, a mixed-use lifestyle center. Kirkland Urban includes a QFC, retail options, professional services, Shake Shack, Evergreens, coffee providers, dining establishments, a brewery, Lounge by Top Golf, and daycare facilities. The property has a size of 7149 square feet.

Key Highlights

  • Prime Downtown Kirkland Location
  • Adjacent to Kirkland Urban with Retail, Dining, and Services
  • Abundant Parking at 4/1,000 SF

Property Analytics

Current Use

Sakaguchi Felbeck Story ... Law Firm Legal Help Seattle Law Firm Coldstream Wealth Management Financial Advisor Financial Wize Home ... Nursing Home Bright Horizons at Kirkland Daycare Center

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Dental Office Auto Repair Shop Storage Facility Building Supply

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
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,606
Businesses Nearby

Demographics for 98033, WA

41,763
Population
18,211
Households
2.3
Avg Household Size
39
Median Age
73%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$174,005
Median Household Income
$97,472
Median Earnings
$2,386
Median Rent
$1,259,900
Median Home Value

Market

Lease Benchmarks for Kirkland, WA

$40.63 /SF/Yr
Avg Asking Price
$35–$45 /SF/Yr
Price Range
10,460 SF
Avg Space Size

This space is priced 11% above the average of $40.63 /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
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office building in downtown Kirkland, built in 1995.
Where is this office building located?
The property is located at 520 Kirkland Way Kirkland, WA.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Kirkland Location; Adjacent to Kirkland Urban with Retail, Dining, and Services; Abundant Parking at 4/1,000 SF
More about this property
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