18005 68Th StRedmond, WA 98052

  • Industrial properties
  • 41,736 SF
For Lease
$20.80/SF/YR View listing

Property Details for 18005 68Th St

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
11.50 AC
Property size (Sq ft)
41,736 SF
Zone code
MP
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
072506-9023
APU
725069023

Description

This exceptional 5,432 square-foot flex office/warehouse space in Redmond, WA's Park East Business Park, Building A, is available now as a short-term sublease, expiring October 31, 2025. The property boasts a desirable corner location with an attractive facade and a functional floor plan ideal for a variety of businesses. The space includes a ground-level roll-up door, separate bathrooms, a kitchenette, a conference room, and a reception area. The interior features five private offices, four semi-private offices, high ceilings, and abundant natural light. Ample parking is available for tenants and visitors. The property enjoys easy access to major transportation routes, providing convenient commutes. The current base rate is $20.80 per square foot annually, triple net ($9,415.47 monthly NNN). This single-tenant industrial property in King County offers a unique opportunity to lease in a vibrant location near Microsoft headquarters, Marymoor Park, and Redmond Town Center, providing access to a thriving blend of tech innovation, outdoor recreation, and urban amenities. Professional property management and maintenance are provided. This short-term sublease presents a compelling opportunity to establish a presence in a prime Redmond location.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,637,183
    Hospitality
    $9,743,602
    Educational
    $8,106,562
    Medical
    $8,385,360
    Retail
    $12,610,209
18005 68Th St, Redmond, Washington

Location Insight

City
Redmond
County
King
State
Washington
Latitude
47.6664
Longitude
-122.098
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$254,806
$20,029,900
$14,682,700
$34,712,600
-
$20,029,900
$14,682,700
$34,712,600

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