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Belle Arts Condo Flyer FOR SALE | UNIT C-1, 111 108th AVE NE | BELLEVUE, WA 98004 THE OPPORTUNITY This rare commercial condominium, including 21 covered parking spaces, offers a front-row seat in downtown Bellevue, one of the fastest growing commercial markets in the country. Considering more than 50,000 new jobs are projected over the next ten years, the Belle Arts Commercial Condominium provides pedestrian-level street access in downtown Bellevue’s vibrant urban core. PROPERTY HIGHLIGHTS • Sale Price: $6 million • Unit C-1 Size: 5,691 Usable Square Feet (net of common area load factor). • Exclusive Parking: Unit C-1 includes a right to 19 garage parking stalls, plus two tandem stalls for a total of 21 spaces in the commercial parking level under the building. Average downtown garage parking rates are over $240 per month, to provide upwards of $5,040.00 a month in addition to revenue. • Year Built: 2000 • Current Lease: Seller will lease back a portion of the Unit. • Location: Excellent location just one and a half blocks from Bellevue’s core transit center. Walk two blocks to world renown Bellevue Collection, one of the largest shopping venues in the country and Bellevue’s Downtown Park, Old Main and Meydenbauer Bay and yacht club. Belle Arts Unit C-1 is situated in the heart of the vibrant business district and easy walking distance to Bellevue’s conference centers, arts and entertainment venues. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile t FOR SALE | UNIT C-1, 111 108th AVE NE | BELLEVUE, WA 98004 INVESTMENT HIGHLIGHTS Owner/User Opportunity: Commercial Condominium Unit C-1 offers flexibility for owner/users to occupy a portion of the unit and grow into remainder. Investment Opportunity: Flexible downtown zoning allows for a variety of uses including office, retail, professional, dental and healthcare. Unit C-1 can easily be subdivided for multi-tenant lease up. HIGH GROWTH AREA Bellevue’s central business district contains approximately 16 million square feet of office and retail commercial space. Soon to be serviced by Sound Transit light rail, the CBD will add 4.2 million square feet of office space (currently under construction), thereby increasing downtown’s total office inventory by 37.6% , according to CoStar. City of Bellevue presently provides 20,083 apartment units, which supply is far short of demand. Sound Transit will connect Bellevue to SeaTac International Airport, Downtown Seattle, University of Washington, and Microsoft. Future expansion of Sound Transit light rail will expand the connection points regionally. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile As a region, the Bellevue-Seattle-Everett metropolitan area ranks #8 in Milken’s Best Performing Cities study. The region’s high-tech sector – the second strongest in the country as well as rising wages, rents and employment are listed as the determining factors. On its own, Bellevue is listed as the 10th Best Place To Live In The US by Livability. 68% OF RESIDENTS HOLD BELLEVUE SCHOOL BACHELOR’S DEGREE DISTRICT IS RANKED #1 IN OR HIGHER WASHINGTON STATE 145,000 97% $164,000 BELLEVUE POPULATION EMPLOYMENT RATE AVERAGE HOUSEHOLD INCOME Bellevue Evolving from a predominantly aerospace dominant economy with The Boeing Company as the major employer, the Puget Sound Region has become a significant player in global commerce. Seattle and the Eastside are home to innovative international organizations such as Microsoft, Amazon, Expedia, Facebook, Google, Zillow and Starbucks. Organizations such Fred Hutch Cancer Research Center and Bill & Melinda Gates Foundation foster and attract global leaders and partners in social and humanitarian services. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile DEVELOPMENT HIGHLIGHTS There are currently 14 Downtown Bellevue Projects in for Permit and/or Under Construction, with an additional 28 projects in the planning phase. EASTLINK LIGHTRAIL LEGEND 1. Holden: 121 112th Ave NE EASTLINK LIGHTRAIL LEGEND RAIL LINE SURFACE MCCORMICK PARK RAIL LINE SURFACE 2. East Link: RAIL LINE TUNNEL NE 12th St MCCORMICK PARK NE 12th St 450 110th Ave NE RAIL LINE TUNNEL NE 12th St NE 12th St 112TH OVERLAKE AT 12TH 3. 555 108th: TEN20 HOSPITAL 12 ASHTON 112TH 555 108th Ave NE TOWER OVERLAKE NE 102nd St NE 102nd AT 12TH HOSPITAL NE 10th St TEN20 NE 10th St 10 4 ASHTON TOWER NE 102nd St NE 102nd HYATT 4. 1001 106th: WASHINGTONNE 10th St NE 10th St 1001 106th Ave NE REGENCY SQUARE ELEMENTS KAISER HYATT WASHINGTON PERMANENTE BELLEVUE REGENCY SQUARE929 US BANK PLAZA ELEMENTS KAISER PLACE 7 PLAZA TOWER PLAZA CENTER EAST PERMANENTE 5. Avenue Bellevue: BELLEVUE 5 929 US BANK PLAZA PLACE 11NE 8th St PLAZA NE 8th St 10300 NE 8th St TOWER PLAZA CENTER EAST SYMETRA THE NE 8th St NE 8th St LINCOLN PLAZA BRAVERN 6. Main Street Apartments: SQUARE SYMETRA BELLEVUE THE KEY MEYDENBAUER 10777 Main St LINCOLN PLAZA CORPORATE BRAVERN COAST CENTER SE 110th Ave CENTER SQUAREWESTIN SE 108th Ave PLAZABELLEVUE HOTEL KEY MEYDENBAUERNE 6th St BELLEVUE PEDESTRIAN CORRIDOR TRANSITCORPORATE CENTER COAST 14 SE 110th Ave 100th Ave NE 100th Ave CENTER 9 CENTER 7. GIS Plaza: SQUARE WESTIN SE 108th Ave PLAZA HOTEL CITY CENTER Lightrail NE 6th St 930 109th Ave NE BELLEVUE PEDESTRIAN CORRIDORBELLEVUE TRANSIT CENTER NE 5th St NE 100th Ave 3 PLAZA Station SQUARE W HOTEL TOWERS W HOTEL CITY CENTER Lightrail BELLEVUEONE NE 5th St CENTER PLAZASKYLINE BELLEVUEStation 8. Bellevue Plaza Phase 1 & 2: W HOTEL TOWERSBELLEVUE 2 425 CENTERONE TOWER CITY HALL 112th Ave SE 112th Ave LINCOLN SE 106th Ave 117 106th Ave. NE SQUARECENTER NE 4thBELLEVUE St SKYLINE BELLEVUE NE 4th St Bellevue Way SE Way Bellevue SOUTH425 CENTER TOWER CITY HALL 112th Ave SE 112th Ave AVALON SE 106th Ave TOWER THE NE 4th333 St NE 4th St 9. Bellevue 600 – Phase 1: SE Way Bellevue MEYDENBAUER SOMA SUMMIT KEY EXPEDIA AVALON TOWERSTOWER THE MARRIOTT 1600 108th Ave NE DOWNTOWN MEYDENBAUER BANK 333 SUMMIT PARK BLDGACSOMA CIVICA TOWERS MARRIOTT DOWNTOWN SOMA HOTEL 10. NE 10th Residential: PARK 13 TOWER ACNE 2ndCIVICA St NE 2nd St HOTEL 10050 NE 10th St ONE NE 2nd St NE 2nd St NE 1st St 88 CERESA ONE VENN BELLEVUE 11. Washington Square MDP: NE 1st St 88 CERESA 1 AT MAIN PLAZA SHERATON 10610 NE 8th St OLD BELLEVUE SE 112th Ave EXTENDED VENN BELLEVUE8 Main St Main St STAY AT MAIN PLAZA SHERATON OLD BELLEVUE SE 112th Ave Lightrail EXTENDED Main St Main St STAY 12. Pinnacle Apartments: Station 1036 100th Ave NE Lightrail RED LION 6 Station RED LION 13. BOSA II: SE Ave 101st SE Ave 102nd SE Way Bellevue SE 105th Ave SE 108th Ave SE 110th Ave SE 114th Ave HILTON 205 105th Ave NE MEYDENBAUER BAY 101st Ave SE Ave 101st SE Ave 102nd SE Way Bellevue SE 105th Ave SE 108th Ave SE 110th Ave HILTON SE 114th Ave MEYDENBAUER BAY 14. Bellevue 600: 600 108th Ave NE For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile FOR SALE | UNIT C-1, 111 108th AVE NE | BELLEVUE, WA 98004 INTERIOR BUSINESS OFFICES AND GARAGE Common entry provides secure package lockers. Unit C-1 currently is occupied by two tenants on flexible Lease terms. Unit C-1 includes exclusive parking rights to 21 commercial parking spaces in a covered, secure under-building parking Current office tenant intends to downsize and sign new Lease. garage easily accessed from 107th Ave NE. GOLFTEC currently leases 2,902 SF on month-to-month Lease. Fully-fixtured In-suite breakroom, including refrigerator and dishwasher. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile FOR SALE | UNIT C-1, 111 108th AVE NE | BELLEVUE, WA 98004 FLOOR PLAN & PARKING FLOOR PLAN: APPROX. 5,691 SF Main Street 108th Ave NE PARKING GARAGE 107th Ave NE 108th Ave NE *Dimensions and configuration are approximate and subject to tenant verification. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile FOR SALE | UNIT C-1, 111 108th AVE NE | BELLEVUE, WA 98004 SITE PLAN 108th Ave NE COMMON AREA AVAILABLE: UNIT C-1 UNIT C-1: APPROX. 5,691 SF Main Street *Dimensions and configuration are approximate and subject to tenant verification. For more information, please contact: Ann Bishop, MBA Tom Gockel [email protected] [email protected] 425-278-6308 Direct | 206-229-7523 Mobile 425-455-9976 Office | 425-246-6479 Mobile .
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