15 Lake Bellevue Drive, Bellevue, WA

Property Type Office - General Office
Property Size 35,200 SF
Lot Size 2.8 Acre
Parking Spaces Avail. 140
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1999

Location

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Street

City Bellevue, WA
Neighborhood Wilburton
Zip Code 98005
Market Seattle

Contacts

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Owner

True Owner

Brokers

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Documents

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Sales

Purchase Date 27 Aug, 2019
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

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

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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

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Tax

Property Tax in 2022 $117,099
Market Value* $14,279,500
Assessed Value $14,279,500

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 15 Lake Bellevue Drive?

15 Lake Bellevue Drive totals 35,200 square feet.

When was this property built?

15 Lake Bellevue Drive was built in 1999.

When was 15 Lake Bellevue Drive last sold?

15 Lake Bellevue Drive was last sold on 27 Aug, 2019.

What is the property tax for 15 Lake Bellevue Drive?

The property tax for 15 Lake Bellevue Drive in 2022 was $117,099.

What is the market value for 15 Lake Bellevue Drive?

The market value* for 15 Lake Bellevue Drive in 2022 was $14,279,500.
*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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15 Lake Bellevue Drive, Bellevue, WA 98005 - Office Space

15 Lake Bellevue Drive is located at 15 Lake Bellevue Drive in the Wilburton neighborhood, WA, Bellevue, 98005. The Class B Office building was completed in 1999 and features a total of 35,200 SF.

There are 81 office spaces for lease in the Wilburton neighborhood, totaling 590,338 SF of available office space. The office space availability for the 98005 zip code is 628,891 SF, in 90 office spaces. The average asking office rent per SF in Wilburton is $30.71/SF/YR. For Class A office buildings the average office rate is $35/SF/YR, for Class B office buildings the average office rate is $32.07/SF/YR, for Class C office buildings the average office rate is $30.7/SF/YR.

In Wilburton, there are 25 class B office buildings. In Wilburton, there are a total of 2 LEED certified office buildings. In 1999, the same year 15 Lake Bellevue Drive was built, 43 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Bellevue, featuring 900,355 square feet of commercial space. At zip code level, there are 43 commercial properties, of which 26 are office buildings over 50,000 square feet.

15 Lake Bellevue Drive