22500 64Th PlIssaquah, WA 98027

For Lease
$20/SF/YR View listing
  • Office buildings
  • 26,188 SF

Property Details for 22500 64Th Pl

Year built
1999
Construction
WOOD
Lot size
0.49 AC
Property size (Sq ft)
26,188 SF
Zone code
MU
Property type
Office buildings
APN
541170-0050
APU
5411700050

Description

Meadow Creek Office Park offers a diverse range of office spaces in a park-like setting, ideally situated in King County. This six-building complex provides a total of 83,648 square feet of office space, catering to various business needs. The property features flexible layouts, with spaces ranging from a minimum of 716 square feet to a maximum contiguous space of 1,852 square feet. Currently, 4,758 square feet of space is available for lease. The buildings are single-story structures, offering convenient access and ample free surface parking. The location boasts exceptional accessibility, with immediate access to I-90 and proximity to Costco Headquarters. A variety of amenities are within walking distance, including restaurants, retailers, grocers, and a hospital. The property is suitable for traditional, executive, medical, and creative office uses. The lease includes water, sewer, electricity, gas, and trash removal. Lease commission is structured as $1 per square foot per year for years one through five, and $0.50 per square foot per year for years six through ten. This is a fantastic opportunity for businesses seeking a convenient, amenity-rich location with flexible space options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,695,120
    6.5%
    $5,257,034
    7%
    $4,881,532
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,777,278
    Geo Method
    $5,043,285
  • Alternative Use

    Use
    Valuation
    Residential
    $6,518,722
    Hospitality
    $5,971,114
    Educational
    $4,967,897
    Medical
    $5,138,751
    Retail
    $7,727,840
22500 64Th Pl, Issaquah, Washington

Location Insight

City
Issaquah
County
King
State
Washington
Latitude
47.5441
Longitude
-122.04
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$45,859
$643,200
$5,403,900
$6,047,100
-
$643,200
$5,403,900
$6,047,100

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