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4122 FACTORIA BOULEVARD BELLEVUE, WA 98006

H I G H Q U A L I T Y M E D I C A L O F F I C E B U I L D I N G L O C A T E D I N S O U T H B E L L E V U E F O R S A L E

FOR SALE

Rentable Area: 41,081 ~RSF

Lot Size 2.1 Acres

Location Bellevue

Current Occupancy 100%

Stories 4, featuring a glass atrium

Construction 1982

Projected Year 1 NOI

(7/1/2019-6/30/2020)$1,094,000

Parking Ratio 4.3/1000 RSF, all surface

Estimated Operating Expenses $11.95/RSF, NNN (2019)

Sales Price Please call for financials & pricing guidance

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The information contained herein has been given to us by the owner or sources which we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein.

UNIQUE, HIGH QUALITY ASSETThe asset is a rare 41,000 SF multi-tenant medical/office building that cannot be replicated

in the Factoria area of Bellevue. It features a 4-story atrium, which provides an abundance

of natural light throughout the interior of the building. The Property was built in 1982 and

was constructed with concrete and steel frame, metal decking and concrete floors. The

Property has been well maintained by the same owner over the past 21 years and requires

limited near-term capital expenditures or tenant improvements.

OUTSTANDING LOCATION & VISIBILITYNewport Place is situated in the heart of Bellevue’s Factoria area, and offers countless

retail amenities within walking distance, as well as numerous access points to both I-405

and I-90. The building is highly visible on the main thoroughfare of Factoria Blvd and

boasts prominent monument signage featuring notable building tenants.

DIVERSE LONG TERM TENANT MIXThe building offers a varied tenant mix, both in size and type of tenancy. The existing portfolio

of tenants have demonstrated resilience throughout all economic market conditions. Over

50% of the total square footage of the building has been occupied by the same tenants for

over 20 years. Suites range from approximately 900 SF to 7,600 SF and span technology,

conventional office and medical / dental uses. Professional and medical services are the

predominant users who cater to residents in the South Bellevue and Newport Hills area.

100% LEASEDThe building’s anchor tenants are financially sound

and there are no rolling leases prior to the 1st

quarter of 2020. Featured tenants include: Cathay

Bank, Pediatric Associates, Edward Jones, Newport

Pediatric Dentistry and Primary Care Associates.

EXISTING LOAN / DEFEASANCE An existing loan is in place and must be

assumed or defeased. Assumption requires

a 1% fee (plus various lender charges). The

current balance is approximately $7,150,000

with a 4.66% interest rate maturing 6/1/2022.

Alternatively, a buyer may defease the loan at

an approximate cost of $450,000.

ABUNDANT PARKINGThe property features a well above-standard

parking ratio of 4.3 stalls per 1,000 rentable

square feet; all of which are surface stalls.

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BELLEVUE CBD

FACTORIA SEATTLE

LO C AT I O N

1. Tokyo Japanese2. Applebee’s3. Square Lotus4. QFC; QFC Pharmacy5. Great Harvest Bread Co.6. Bartell Drugs7. Sacks Gourmet Sandwiches / Kung-Ho Chinese8. Tasty Thai/BECU/T-Mobile9. Starbucks/ Musashi’s/ Subway/ Sideline Sports Bar10. Chevron / Brown Bear Car Wash11. Seabell Bakery / Jimmy John’s / Tofu 101 / Peking Wok12. The Saigon Cafe & Deli / Ooba Tooba13. Boulangerie Bakery & Cafe / I Love Pho / Verizon14. Taco Time15. Toshi’s Teriyaki16. McDonald’s18. Ricardo’s Mexican Restaurant19. Big 520. Burger King21. Chase Bank22. Bank of America

23. Factoria Mall Dining

24. KFC25. Novilhos Brazillian Steak House26. Top Gun Seafood Restaurant27. Cafe Cubano28. Shanghai Cafe / Katsu Burger / Thai Giner29. Taco Bell30. Romio’s Pizza31. AMC Loews Factoria Cinema

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10 MIN

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N BELLEVUE

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A M E N I T I E S

Boba TCold Stone CreameryDim Sum FactoryGenki SushiGoldberg’s Famous DeliGophersGreek ExpressJamba JuiceOld Country BuffetPanda ExpressPanera BreakPizza RomaRed Robin Safeway

Bath & Body WorksDSWFactoria Shoe RepairFamous FootwearInSpaMasterCutsNordstrom RackOld NavyPearle VisionRadioShackTargetTJ MaxxUlta BeautyWal-Mart

Factoria Mall Retail/Services

E A S T S I D E M A R K E T O V E R V I E W

The largest contributors to the Eastside’s positive employment picture:

TECH MARKET IN THE U.S.(CBRE,2018)

#2GREATEST ABSOLUTE GAIN IN TECH WAGES

(JLL RESEARCH, 2016)

#2

OPPORTUNITY FOR NEW AND EXISTING COMPANIES TO EXPAND DUE TO THE BUSINESS-FRIENDLY ENVIRONMENT AND STRONG ENTREPRENEURIAL CULTURE.

BELLEVUE CBD

2.9%I-90 CORRIDOR

3.7%

VA C A N C Y R AT EPROJECTED 2019

MEDIAN HOUSEHOLD INCOME

$105,402

#1FOR QUALITY OF LIFE IN THE U.S.

- Business Insider, 2016

CLICK HERE TO LEARN MORE

#1BEST SCHOOL DISTRICT IN

WASHINGTON STATE

- Niche, 2017

CLICK HERE TO LEARN MORE

#1BEST METRO AREA FOR STEM PROFESSIONALS

- WalletHub, 2017 & 2018

CLICK HERE TO LEARN MORE

*Based on companies that have substantial offices in the Bellevue area, not headquarters

BELLEVUE IS HOME TO

FORTUNE 500 COMPANIES

35+*

B E L L E V U E O V E R V I E W

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4122 FACTORIA BOULEVARD BELLEVUE, WA 98006

For further information or to schedule a tour please contact:

TONY ULACIA

425.646.5244

ulacia@broderickgroup.com

GRANT YERKE

425.646.5264

yerke@broderickgroup.com