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10700 231st Way NE

Off-Market

10700 231st Way NE, Redmond, WA 98053

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  • Property Type Industrial - Flex - Industrial
  • Property Size 70,400 SF
  • Lot Size 4.02 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2017

Location

  • City Redmond, WA
  • Neighborhood Union Hill-Novelty Hill
  • Zip Code 98053
  • 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 09 Feb, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Redmond

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 Redmond Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.28
  • 2020 Office Vacancy Rate 5.99%
  • 2020 Office Completions (SF)

Redmond Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $436.84
  • Y-o-Y Avg. PpSF Change 40.06%
  • 2020 Office Sales Volume $285M
  • 2020 Number of Transactions 3
View more Redmond market trends

Tax

  • Property Tax in 2022 $106,660
  • Market Value* $10,744,100
  • Assessed Value $10,744,100

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 10700 231st Way NE?

10700 231st Way NE totals 70,400 square feet.

When was this property built?

10700 231st Way NE was built in 2017.

When was 10700 231st Way NE last sold?

10700 231st Way NE was last sold on 09 Feb, 2015.

What is the property tax for 10700 231st Way NE?

The property tax for 10700 231st Way NE in 2022 was $106,660.

What is the market value for 10700 231st Way NE?

The market value* for 10700 231st Way NE in 2022 was $10,744,100.
*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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