Overview

Highlights

• For Sale
• Full Owner-user flex/office lab building
• Highly desirable Redmond submarket
• 1/2 mile from new Marymoor Park Transit Center

Description

Lee & Associates Commercial Real Estate Services, LLC (“Lee & Associates”), as exclusive advisor is pleased to present the opportunity to acquire a stand alone flex / office / lab building that sits outside the Redmond East Business Park in Redmond, Washington. This 55,297 RSF building sits on 2.57 acres of land and will be fully vacant at the time of sale making it a prime owner user opportunity in a supply constrained market.

Location

Located in the heart of the tech/aerospace “innovation triangle”, the Redmond submarket is just 15 minutes from downtown Bellevue. It has been one of the strongest-performing submarkets in the Puget Sound region, with an office direct vacancy rate of 7.0%, nearly 67% below the metro area average. The industrial market is even stronger, with a vacancy rate of only 4.8% in Q2 2024 and industrial rents nearly 28% above the regional average.

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