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The Spring District - Facebook

Off-Market

1209 124th Avenue NE, Bellevue, WA 98005

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  • Property Type Office - General Office
  • Property Size 390,286 SF
  • Lot Size 19 Acre
  • Parking Spaces Avail. 222
  • Parking Ratio 0.57/ 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Proposed
  • Building Class A
  • Year Built 2020

Location

  • City Bellevue, WA
  • Neighborhood Wilburton
  • Zip Code 98005
  • Market Seattle

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 15 Sep, 2020
  • 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

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

Frequently Asked Questions

What is the total square footage of The Spring District - Facebook?

The Spring District - Facebook totals 390,286 square feet.

When was this property built?

The Spring District - Facebook was built in 2020.

When was The Spring District - Facebook last sold?

The Spring District - Facebook was last sold on 15 Sep, 2020.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.