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Office Suite in Separate Building
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7429-7435 SE 27th St, Mercer Island, WA 98040

For lease office space within a separate building, identified as 2701–2711 76th Ave SE on Mercer Island.

Property Size793 SF
Days on Market668

Property Features for 7429-7435 SE 27th St

General Information

Standard status Active
Size 793 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Cushman & Wakefield
Listed By: Andrew Shultz
Source: Moodyscre
Added: Oct 1, 2024 Changed: Jul 28 Last Checked: Jul 29 at 3:06PM

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 offering is for an office space located in a separate building from Building 1. The space is identified as 2701–2711 76th Ave SE, Mercer Island, WA.

The property listing is also provided with the address 7429–7435 SE 27th St, Mercer Island, WA 98040. Additional building or tenant improvements are not described in the information provided.

Available size is listed as 793 square feet.

Key Highlights

  • Office space for lease within a separate building identified as 2701–2711 76th Ave SE
  • Located in Mercer Island, WA

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Garden Center (Bike/Boat/Book/etc) Store Storage Facility Catering Service Computer & Electronic Repair

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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,427
Businesses Nearby

Demographics for 98040, WA

25,748
Population
10,454
Households
2.5
Avg Household Size
44
Median Age
79%
College-Educated
98%
High-School Grad
6.4 sq mi
ZIP Area
4,023
Density / Sq Mi
$202,359
Median Household Income
$96,073
Median Earnings
$2,464
Median Rent
$1,884,200
Median Home Value

Market

Lease Benchmarks for Mercer Island, WA

$38.88 /SF/Yr
Avg Asking Price
$2.16–$48.79 /SF/Yr
Price Range
1,420 SF
Avg Space Size

This space is priced 3% above the average of $38.88 /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 - For lease office space within a separate building, identified as 2701–2711 76th Ave SE on Mercer Island.
Where is this office units located?
The property is located at 7429-7435 SE 27th St Mercer Island, WA.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Office space for lease within a separate building identified as 2701–2711 76th Ave SE; Located in Mercer Island, WA
(206) 800-1788 Call to check price and availability
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