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1150 124th Avenue NE

Off-Market

1150 124th Avenue NE, Bellevue, WA 98005

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  • Property Type Industrial
  • Property Size 201,120 SF
  • Lot Size 20 Acre
  • Parking Spaces Avail. 311
  • Parking Ratio 1.55/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1969

Location

  • Walk Score ® Car-Dependent (49)
  • Transit Score ® Some Transit (43)
  • Bike Score ® Somewhat Bikeable (44)
Powered by Walk Score ®
  • City Bellevue, WA
  • Neighborhood Wilburton
  • Zip Code 98005
  • Market Seattle

Points of Interest

University of Washington

6.31 miles

University of Washington

6.35 miles

University of Washington

6.35 miles

University of Washington

6.35 miles

University of Washington

6.36 miles

University of Washington

6.36 miles

Mount Baker

6.58 miles

14th & Washington

6.71 miles

14th & Washington

6.71 miles

12th & Jackson

6.80 miles

Chevron

0.27 miles

Shell

0.45 miles

Arco

0.49 miles

Chevron

0.50 miles

eVgo

0.53 miles

Arco

0.62 miles

ChargePoint

0.68 miles

Safeway Fuel Station

0.93 miles

ChargePoint

0.94 miles

Arco

1.01 miles

North Parking Garage

0.59 miles

Building 4

0.64 miles

Bellevue Library parking deck

0.96 miles

The Neighborhood Church Park & Ride

1.02 miles

Republic Parking

1.03 miles

Public

1.19 miles

Galleria Center Parking

1.21 miles

One Bellevue Center Parking

1.22 miles

Wilburton Park & Ride

1.39 miles

Northeast Parking Garage

1.40 miles

The Crab Pot

0.34 miles

I Love Sushi

0.42 miles

Amanos Taco Truck

0.47 miles

Taco Del Mar

0.52 miles

3 Pigs Bar B-Q

0.52 miles

The Pumphouse Bar & Grill

0.53 miles

Mox Boarding House

0.53 miles

Burger King

0.58 miles

Subway

0.59 miles

Kiku Sushi

0.60 miles

Whole Foods Market

0.57 miles

Uwajimaya

0.59 miles

Trader Joe's

0.77 miles

PCC Community Markets

0.84 miles

Target

0.85 miles

Safeway

0.91 miles

US Foods CHEF'STORE

0.96 miles

Ross

1.18 miles

Bellevue North Shopping Center

1.25 miles

H Mart

1.27 miles

NeuroStim TMS Centers

0.45 miles

USA Vein Clinics

0.45 miles

Incyte Diagnostics

0.48 miles

Bartell Drugs

0.48 miles

Center of Diagnostic Imaging

0.52 miles

Higher Health Spine and Sport

0.52 miles

Washington Endodontics

0.52 miles

Neurological Associates of Washington

0.52 miles

Seattle Children's Hospital Bellevue Clinic and Surgery Center

0.53 miles

PacLab

0.53 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 17 Mar, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Bellevue

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Bellevue Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $43.10
  • 2020 Office Vacancy Rate 6.11%
  • 2020 Office Completions (SF) 1,118,967

Bellevue Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $764.79
  • 2020 Office Sales Volume $1.3B
  • 2020 Number of Transactions 8
View more Bellevue market trends

Tax

  • Property Tax in 2022 $357,281
  • Market Value* $43,568,200
  • Assessed Value $43,568,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1150 124th Avenue NE?

1150 124th Avenue NE totals 201,120 square feet.

When was this property built?

1150 124th Avenue NE was built in 1969.

When was 1150 124th Avenue NE last sold?

1150 124th Avenue NE was last sold on 17 Mar, 2017.

What is the property tax for 1150 124th Avenue NE?

The property tax for 1150 124th Avenue NE in 2022 was $357,281.

What is the market value for 1150 124th Avenue NE?

The market value* for 1150 124th Avenue NE in 2022 was $43,568,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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