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1407 116th Ave NE, Bellevue, WA 98004

Office space in Bellevue, ideal for general or medical use.

Space Size6,618 SF - 10,885 SF
Property Size68,969 SF
Days on Market2774

Property Features for 1407 116th Ave NE

General Information

Standard status Active
Size 6,618 SF - 10,885 SF
Property subtype Office
Lease Type NNN

Building Details

Building Size 68,969 SF
Year Built 1979
Tenancy Multiple

Spaces For Lease

at 1407 116th Ave NE Contact us

Bldg 1407 East - Suite 100

Size
6,618 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Bldg 1417 - Suite W-200

Size
6,657 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Bldg 1417 West - Suite 100

Size
10,885 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Wallace Properties, Inc
Listed By: Ann Bishop · License #WA
Source: Crexi
Added: Jan 15, 2019 Changed: Aug 20 Last Checked: Aug 20 at 10:07AM

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 Wallace Properties, Inc

Investment Insights

Based on property information with market context.

This office space is available for lease at a negotiable rental rate. The lease type is full service with a base year, including janitorial services and in-suite utilities. The property is situated in an office campus setting, offering convenient freeway access. It is suitable for general office use or professional services, including medical practices. Free surface parking is available, with reserved garage parking offered at $75 per month per stall. The parking ratio is 3.04 per 1,000 square feet, including reserved parking. Additional parking is available for medical tenants. The location allows for walking access to restaurants and downtown Bellevue amenities.

Key Highlights

  • Excellent freeway access in an office campus setting.
  • Full‑service lease with base year including janitorial and in‑suite utilities.
  • Free surface parking with a parking ratio of 3.04/1,000.

Property Analytics

Current Use

Overlake Clinics - Internal ... Medical Clinic Dr. Scott T. ... Physician College Planning Success College College Planning Help Training Center Norman & Kitto PLLC Accounting Firm

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Storage Facility Pet Grooming Service Butcher Restaurant

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

Gross
Lease Type

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

$34.93 /SF/Yr
Avg Asking Price
$25–$49.5 /SF/Yr
Price Range
10,604 SF
Avg Space Size

This space is priced 37% below the average of $34.93 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space in Bellevue, ideal for general or medical use.
Where is this office units located?
The property is located at 1407 116th Ave NE Bellevue, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Excellent freeway access in an office campus setting.; Full‑service lease with base year including janitorial and in‑suite utilities.; Free surface parking with a parking ratio of 3.04/1,000.
(425) 455-9976 Call to check price and availability
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