T-Mobile-leased Industrial Building

1624 135th PL NE, Bellevue, WA

$8,500,000

Price

20,811 sqft

Building Size

0.9889 acres

Lot Area

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Street
Map
Overview
Building Size
20,811 sqft
Lot Area
0.9889 acres
Class
B
Year Built
1978
Description

Rare warehouse space in sought-after Spring District, blocks from future Bel-Red light rail station.

Rare stand-alone warehouse building in the heart of the Bel-Red submarket, surrounded by the T-Mobile Launchpad building.

TBD

Highlights
  • 16,000 SF Concrete tilt warehouse and 4,811 SF two-story office, with grade loading and parking on three sides
  • Leased to T-Mobile until 11/30/2021; T-Mobile has a 3-year option and is open to a longer term lease (up to 12 years) and is expected to be part of the T-Mobile Launchpad long-term strategy
  • Forward 2021 NOI $355,401 / year, option rent and term to be negotiated with T-Mobile
  • Building shell will be one of the few remaining warehouses in the rapidly changing Bel-Red market
  • Building condition is original construction, roof, and mechanical
Location
Gallery