For Sale$3,950,000

116 Andover Park EastTukwila, WA 98188

JLL is pleased to present the opportunity to purchase a 22,318 square foot, two-story office/retail building in the Southcenter area of Tukwila, WA. FedEx is the anchor tenant in the property, leasing 27.5% of the building with a newly built retail store. Constructed in 1972, with significant renovations taking place in 1986 and 2013, it is the former headquarters of Pitney Bowes and has been well maintained and professionally managed for the last 14 years by current ownership.

• 22,318 total SF• 19,768 SF office/retail• 2,550 SF warehouse• Two stories• Built in 1972 • Renovated in 1986, 2013• 1.23 acres • TUC zoning

• 1 Elevator• 72 parking stalls• Located close to Westfield

Southcenter Mall opposite Lowe’s• Easy access to I-5, I-405 and SR-167• Loading door with dock high

capability

Building Highlights

This stand-alone building is situated on 1.23 acres, located directly across from Lowe’s and is in close proximity to one of the most successful retail centers in Washington State, Westfield Southcenter Mall. A new hotel is currently under construction to the immediate north and the Green River can be found directly behind the property. The site has great access to I-405, I-5, and SR-167 and is centrally located in the Puget Sound. 116 Andover Park East is a great opportunity for an investor and/or owner user.

The Southend cluster of the Puget Sound Region is comprised of the southern most portion of King County. Businesses are attracted to the area for a variety of reasons including the skilled workforce, affordable real estate and superior access to regional employment hubs. The area is home to global industry leaders as well as home grown companies. The business climate supports manufacturers such as Boeing, the area’s major employer, as well as significant service and high technology companies.

The Southend has been the growth of back office operations and high-tech companies in particular in the last several years. The Southend office market is expected to see strong leasing activity in the coming years with quality buildings offering affordability in lease rates and abundant free parking; these factors will be attractive and important to companies faced with rapidly increasing office rents in downtown Seattle and Bellevue. Vacancy in the Southend currently stands at 12.7% rivaling that of Seattle’s CBD. Rental rate increases over 10% have been experienced since 2012.

The Southend and the Puget Sound

Located next to Green River

Danny JacksonAssociate+1 206 607 1798danny.jackson@am.jll.com

Conan LeeManaging Director+1 206 607 1723conan.lee@am.jll.com

116 Andover Park EastTukwila, WA 98188

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2015. Jones Lang LaSalle. All rights reserved.

Westfield Southcenter

Lowe’s

20minutes to

Seattle

23minutes to Bellevue

28minutes to

Tacoma

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