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Redmond Corporate Park

Off-Market

18750 NE 65th Street, Redmond, WA 98052

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 435,271 SF
  • Lot Size 25.11 Acre
  • Parking Spaces Avail. 609
  • Parking Ratio 1.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1997

Location

  • City Redmond, WA
  • Neighborhood Southeast Redmond
  • Zip Code 98052
  • Market Seattle

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 20 Sep, 2012
  • 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 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 $755,360
  • Market Value* $87,990,100
  • Assessed Value $87,990,100

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 Redmond Corporate Park?

Redmond Corporate Park totals 435,271 square feet.

When was this property built?

Redmond Corporate Park was built in 1997.

When was Redmond Corporate Park last sold?

Redmond Corporate Park was last sold on 20 Sep, 2012.

What is the property tax for Redmond Corporate Park?

The property tax for Redmond Corporate Park in 2022 was $755,360.

What is the market value for Redmond Corporate Park?

The market value* for Redmond Corporate Park in 2022 was $87,990,100.
*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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