22500 64Th PlIssaquah, WA 98027
- 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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