3101 Northup Way, Bellevue, WA

Property Type Office - General Office
Property Size 42,086 SF
Lot Size 2.87 Acre
Parking Spaces Avail. 193
Parking Ratio 4.60/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1979

Location

Map
Street

City Bellevue, WA
Neighborhood Northwest Bellevue
Zip Code 98004
Market Seattle

Contacts

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Owner

True Owner

Brokers

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Documents

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Sales

Purchase Date 30 Apr, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity 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 $102,332
Market Value* $12,478,800
Assessed Value $12,478,800

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 3101 Northup Way?

3101 Northup Way totals 42,086 square feet.

When was this property built?

3101 Northup Way was built in 1979.

When was 3101 Northup Way last sold?

3101 Northup Way was last sold on 30 Apr, 2021.

What is the property tax for 3101 Northup Way?

The property tax for 3101 Northup Way in 2022 was $102,332.

What is the market value for 3101 Northup Way?

The market value* for 3101 Northup Way in 2022 was $12,478,800.
*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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3101 Northup Way, Bellevue, WA 98004 - Office Space

3101 Northup Way is located at 3101 Northup Way in the Northwest Bellevue neighborhood, WA, Bellevue, 98004. The Class B Office building was completed in 1979 and features a total of 42,086 SF.

There are 21 office spaces for lease in the Northwest Bellevue neighborhood, totaling 77,461 SF of available office space. The office space availability for the 98004 zip code is 3,332,529 SF, in 273 office spaces. The average asking office rent per SF in Northwest Bellevue is $35.21/SF/YR. For Class A office buildings the average office rate is $30/SF/YR, for Class B office buildings the average office rate is $36.4/SF/YR.

In Northwest Bellevue, there are 15 class B office buildings. In 1979, the same year 3101 Northup Way was built, 25 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Bellevue, featuring 372,014 square feet of commercial space. At zip code level, there are 85 commercial properties, of which 76 are office buildings over 50,000 square feet.

3101 Northup Way