T-Mobile-leased Industrial Building

1624 135th PL NE Bellevue, WA 98005

1624 135th PL NE, Bellevue, WA, 98005
1624 135th PL NE, Bellevue, WA, 98005
FOR SALE
Property Type:
Industrial
Amount:
$8,500,000
Last Verified:
2020-10-09 22:53:41 UTC

Highlights

  • 16,000 SF Concrete tilt warehouse and 4,811 SF two-story office, with grade loading and parking on three sides
  • Leased to T-Mobile until 11/30/2021; T-Mobile has a 3-year option and is open to a longer term lease (up to 12 years) and is expected to be part of the T-Mobile Launchpad long-term strategy
  • Forward 2021 NOI $355,401 / year, option rent and term to be negotiated with T-Mobile
  • Building shell will be one of the few remaining warehouses in the rapidly changing Bel-Red market
  • Building condition is original construction, roof, and mechanical

Description

Rare stand-alone warehouse building in the heart of the Bel-Red submarket, surrounded by the T-Mobile Launchpad building.

TBD


Year Built: 1978
Building Size: 20811.0sq ft
Building Class: B
Lot Size: 0.99 acres

Map of 1624 135th PL NE, Bellevue, WA, 98005

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