2330 130Th Ave Bellevue, WA 98005

Property Details for 2330 130Th Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 lot acres

Property size

18,144 SF

Zone code

PO

Property type

Office buildings

APN

619300-0030

APU

6193000030

Description

This exceptional Class B medical office building, located at 2330 130th Ave NE in Bellevue, Washington, presents a compelling investment or owner-user opportunity. The property, known as Northup North Building C, encompasses 17,018 square feet across two stories and boasts an impressive 86% occupancy rate. Priced at $7,100,000, this translates to a price per square foot of $417.21. The building operates under a gross lease structure with multiple tenants. A significant portion of the building's tenancy is secured by a recently signed long-term lease extension, providing excellent stability and predictable income. Situated in King County, Washington, with a 98005 zip code, this property benefits from its prime Bellevue location and strong market demand for medical office space. The building's classification as a medical office building caters to a specific and growing sector of the real estate market. This presents a rare opportunity to acquire a well-maintained, high-occupancy medical office building in a desirable location with a strong tenant base. The property's financial performance is further enhanced by the long-term lease extension, minimizing vacancy risk and ensuring consistent cash flow. This is an ideal investment for those seeking a stable and appreciating asset in the thriving Bellevue market.