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    FOR LEASE
    Manufacturing properties

    18005 Northeast 68Th St, Redmond, WA 98052

    41,736 SF 11.5 ac lot Built 1986
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US90-1426808
    Property summary
    AI-generated overview

    This exceptional 5,432 square-foot flex office/warehouse space in Redmond, WA's Park East Business Park, Building A, is available now as a short-term sublease, expiring October 31, 2025. The property boasts a desirable corner location with an attractive facade and a functional floor plan ideal for a variety of businesses. The space includes a ground-level roll-up door, separate bathrooms, a kitchenette, a conference room, and a reception area. The interior features five private offices, four semi-private offices, high ceilings, and abundant natural light. Ample parking is available for tenants and visitors. The property enjoys easy access to major transportation routes, providing convenient commutes. The current base rate is $20.80 per square foot annually, triple net ($9,415.47 monthly NNN). This single-tenant industrial property in King County offers a unique opportunity to lease in a vibrant location near Microsoft headquarters, Marymoor Park, and Redmond Town Center, providing access to a thriving blend of tech innovation, outdoor recreation, and urban amenities. Professional property management and maintenance are provided. This short-term sublease presents a compelling opportunity to establish a presence in a prime Redmond location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1986
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 41,736 SF
    Lot 11.5 ac (500,748 SF)
    Zoning code MP
    APN 072506-9023
    UPID US90-1426808
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Creative Label Inc. Industrial Manufacturer Production Facility
    • Rose Point Navigation Systems (Bike/Boat/Book/etc) Store Corporate Office
    • Lionfish, LLC Advertising Agency Marketing & Advertising
    • SemaConnect Charging Station Electric Vehicle Charging Station
    • Academy of Russian Classical Ballet Theater & Performing Art Venue Vocational School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $55.00M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $55.00M
    Owner & transaction history
    Nwb Redmond Park East LLC · 2 yrs held
    Nwb Redmond Park East LLC
    since 2024
    Last sale
    $55.0M
    7 recorded transactions
    2024
    2024
    $55.0M
    2017
    2004
    2004
    1999
    $14.4M
    1997
    $5.1M
    Zoning & alternative use
    MP · Redmond, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $40.2M +152.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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