- For Sale $5,250,000
- Property Type Office - Medical Office
- Property Size 10,982 SF
- Lot Size 29,344 SF
- Cap Rate % 5.62
- Zoning MUR
- # of Floors 2
- Parking Spaces Avail. 41
- Parking Ratio 3.73 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1991
- Date Updated Apr 30, 2025
Description
Rare opportunity to acquire the Farallon Professional Building, a premier Class A office property in the heart of Issaquah. The building offers 10,982 RSF of high-end, versatile space on a large 29,344 SF lot, ideal for a range of users including professional services, medical practices, and childcare operators. Located just 0.3 miles from I-90, this highly accessible property features modern finishes, updated systems (HVAC 2020, LED lighting & paint 2025), and ample surface parking (41 stalls).
Situated in a vibrant, amenity-rich area with walkable access to Gilman Village, Front Street, and Issaquah Commons, the Farallon Building combines functionality, visibility, and long-term value. With a proforma cap rate of 5.62%, this property is well-positioned for both investors and owner-users.
Highlights
- Prime Issaquah Location – The Farallon Professional Building is located at 975 5th Avenue NW, offers excellent visibility and accessibility to the heart of Issaquah. Just minutes from I-90 and within walking distance to numerous shops, restaurants, and amenities, this vibrant location combines convenience with a professional setting—perfect for office or medical use.
- Walkable Retail Amenities: Gilman Village, Front Street Retail, & Issaquah Commons
- Several Nearby Parks: Sena Park, Salmon Run Park, & Confluence Park
- Prominent Location: I-90 on/off Ramps, Front Street, & SR-900
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Contacts
Leibsohn & Company
Leibsohn & Company
Leibsohn & Company
