June 20, 2019
TA Realty, LLC sold Kirkland 405 Corporate Center, Building B, a two- story, 53,268-square-foot office building in Kirkland, WA to SmartCap Group for $15.75 million. The property is located at 11335 NE 122nd Way.
The building is located within the vast 40-acre master-planned Kirkland 405 Corporate Center commercial park in the Seattle suburb of Totem Lake. Corporate neighbors include such prominent names as Oculus VR (Facebook), Google and Evergreen Hospital.
NKF’s Joe Lynch, Dan Harden, Nick Kucha and Mike Moll represented the Boston-based seller. The buyer is a Redmond, WA-based company specializing in commercial real estate investment, and focuses on value-add retail and office real estate located in the western United States.
Lynch says, “Kirkland 405 Building B is located in one of Seattle’s best performing submarkets and provides a unique combination of stable in-place cash flows, credit tenancy, and the opportunity to acquire an asset at significant discount to replacement cost.”
For comments, questions or concerns, please contact Dennis Kaiser