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Alexandria Center for Science and Technology - Phase II

Off-Market

1239 120th Avenue NE, Bellevue, WA 98005

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  • Property Type Office
  • Property Size 225,000 SF
  • Lot Size 4.86 Acre

Location

  • 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 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 $547,215
  • Market Value* $66,729,300
  • Assessed Value $66,729,300

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 Alexandria Center for Science and Technology - Phase II?

Alexandria Center for Science and Technology - Phase II totals 252,000 square feet.

What is the property tax for Alexandria Center for Science and Technology - Phase II?

The property tax for Alexandria Center for Science and Technology - Phase II in 2022 was $547,215.

What is the market value for Alexandria Center for Science and Technology - Phase II?

The market value* for Alexandria Center for Science and Technology - Phase II in 2022 was $66,729,300.
*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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