545 Rainier Blvd N
Issaquah WA 98027
Heron Creek Executive Suites
545 Rainier Blvd N Issaquah WA 98027
Listing #: 685529 | Status: Available | Last Modified: 10/3/2024 |
For Sale
- Phone:(425) 450-1105
- Email:aaron.kraft@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,600,000.0
- $/SF$ 394.9
- Listing StatusAvailable
- Days on Market90
- Asset ClassOffice, Specialty
- Terms
- Investment Type
- Investment PropYes
- Gross Income263,520
- Vacancy Factor %0.00%
- Operating Expenses74,135
- Net Operating Income189,385
- CAP Rate 5.26 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9117
- Net Rentable Area9117
- Total Office SF9117
- Largest Contiguous SF
- Lot SF15246
- Acres0.35
- Property TypeOffice
- Office TypeOther
- Building ClassA
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaIssaquah
- Tax ID #2824069030
- Additional Parcels
- ZoningCBD
- # Covered Spaces0
- # Uncovered Spaces25
- Total Parking Spots25
- Parking Ratio
- Year Built1982
- Year Renovated2013
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Heron Creek Executive Suites
Unique investment opportunity with potential to significantly raise rents. Most leases are on a month to month basis, while a few have under a year of remaining term. All rents can be raised within the next 12 months. Excellent opportunity for growing owner/user that can take a few offices and expand as tenants vacate.
