AVAILABLE FOR SALE $18,450,000 NORTH CREEK TECH CENTER IV 19807 North Creek Pkwy Bothell, WA 98011 www.northcreektechcenter.com Exclusively Represented by: Christine Hanhart 425.233.1875 chanhart@wallaceproperties.com Bob Wallace 425.455.9976 ext 319 rwallace@wallaceproperties.com
The Opportunity Wallace Properties, Inc., as the exclusive representative of the Seller is pleased to offer for sale North Creek Tech Center IV located in Bothell, Washington. The Building was originally constructed in 1987 containing 54,353 square feet on two floors. The building is 100% leased. The two-story building recently underwent a 6,822 SF expansion of outdoor enclosed yard space, bringing the GLA to 61,175 square feet. North Creek Tech Center IV property is extremely stable. The same National credit Tenant has occupied the space for over 20 years and recently executed a 10-year lease extension. The building has been well-maintained with a new roof and exterior painting completed in 2018. Located in the Bothell/Kenmore submarket with an overall vacancy rate at about 4%, the North Creek Tech Center IV building is situated in one of the strongest submarkets within the region.
Investment Highlights 19807 North Creek Pkwy Building Size: 61,175 SF Lot Size: 188,367 SF Year Built: 1987 Zoning: RAC, OP, C, LI Parcel #: 3927000040 # of Floors: 2 Sale Price: $18,450,000 Page 3
Nearby Amenities 19807 North Creek Pkwy Close proximity to Beardslee Crossing (including John Howie s Beardslee Alehouse, Starbucks, and Potbelly Sandwich shop. Additional amenities include retail, childcare, healthcare, 24 Hour Fitness, YMCA, hotel accommodations, UW Bothell Campus and Cascadia Community College. Page 4
Bothell/Kenmore Summary The Bothell/Kenmore submarket is comprised of Bothell, Kenmore, Canyon Park and parts of Woodinville. Bothell is conveniently located next to the major Interstates 405 and I-5. Its proximity offers a central location for day trips to mountains to coast, as well as easy access to Seattle s downtown and waterfront, Woodinville s wine country and many other regional attractions. Bothell, WA Bothell is a thriving riverfront community of about 13 square miles located between King and Snohomish Counties. Bothell offers great parks and recreation, quality schools, excellent restaurants and retail. Bothell has several communities and districts including North Creek. North Creek is a business and light industrial district and community with several large big box retail stores with key industries including Biotech and Biomedical. Population Bothell currents population is currently approximately 44,000 and is still growing. The Population growth in the area has increased approximately by 4.7%. Education Bothell is served by the Northshore school district consisting of 35 schools and enrolling over 20,000 students. Northshore shares the same rating as Lake Washington School district with a rating of 9. In 2017 they opened the North Creek High School. Additionally, Bothell is home to higher education institutes including UW Bothell and Cascadia College. The Seattle Times published The University of Washington Bothell ranked among the 50 best deals in the nation, and ahead of a number of top-ranked schools. This included beating out UW Seattle, Pomona and University of Notre Dame (according to MONEY magazine). Recreation The City of Bothell has a total of 237,63 acres of parks, open space and trails that include 19 parks and three sports fields. The Sammamish River and Burke Gilman Trails run through the City of Bothell along the Sammamish River. Annual events include the Freedom Festival at the Bothell Landing Bridge and Farmers Market at Country Village. Page 5
North Creek Tech Center IV 19807 North Creek Pkwy, Bothell, WA 98011 www.northcreektechcenter.com Exclusively Represented by: Christine Hanhart 425.233.1875 chanhart@wallaceproperties.com Bob Wallace 425.455.9976 ext 319 rwallace@wallaceproperties.com 330 112th Ave NE, Suite 200 Bellevue, WA 98004 425.455.9976 www.wallaceproperties.com