Property Details

1220 116th Ave NE

Bellevue, WA 98004

$7,800,000

Available

CBA# 716176 courtesy of CBA Listing firm: Wallace Properties, Inc.

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I’d like more information about 1220 116th Ave NE, Bellevue, MLS# 716176

Office / Retail

Property Type

15,480

Bldg Sq Ft

Units

4.00%

Cap Rate

1980

Year Built

Property Overview

We are pleased to present FOR SALE the Loben Building, a 10,253 SF two-story medical office building over parking garage at 1220 116th Ave. NE, across from Overlake Medical Center campus on the Eastside’s premier medical corridor.For the owner/user, the Loben Building offers the ability to occupy 2,313 RSF immediately and grow into additional space as it comes available. In addition to being an established medical office building, the Loben Building has the advantage of MU H zoning offering high rise, transit oriented future development as the city expands beyond its traditional downtown core. With generous height allowances, mixed use flexibility, and proximity to emerging light rail hubs, MU H parcels sit at the center of Bellevue’s next wave of premium urban investment.