INVESTMENT OR OWNER/USER PURCHASE OPPORTUNITY FOR SALE at $1,650,000 Also Available FOR LEASE For further information or to schedule a tour, please contact: C o m m e r c i a l Real Es tat e Ser v i c e s www.broderickgroup.com 10500 NE 8th Street, #900 Bellevue, WA 98004
BUILDING SUMMARY OFFERING: Building 5 at Linbrook Office Park offers a unique purchase opportunity for either an investor or owner/user. Located directly off of Lake Washington Boulevard, the building has direct access to Seattle and Redmond (via SR-520) as well as Downtown Bellevue and Downtown Kirkland. The Kirkland office submarket has one of the lowest vacancy rates on the Eastside. With current interest rates, Linbrook is an ideal option for companies looking to own a building for less than the average cost to lease in Class A buildings in Kirkland ($38.04/SF/Yr). In addition, because of the rent growth, the building is suitable for an investor looking to lease it out and achieve a stable income. ADDRESS: 10420 NE 37 th Circle, Kirkland, Washington 98033 LOCATION: RSF: EXPANSION: YEAR BUILT: 1982 PARKING: SEPARATE TAX LOT: SEPARATELY METERED UTILITIES: PUBLIC TRANSIT: Located on Lake Washington Boulevard, less than one mile from Bellevue CBD & two miles from downtown Kirkland. Direct access to SR-520 and I-405. Single-story building totaling 3,525 square feet of office space Building 6 (6,000 SF) also for sale, providing for an owner/user opportunity of approx. 9,500 SF Six reserved stalls; balance of surface stalls open parking. Ratio of 3.5/1,000 Yes Yes Park and Ride located across the street ESTIMATED OPERATING EXPENSES: OWNERSHIP DUES: $527 JANITORIAL: $469 MECHANICAL MAINTENANCE: $552 UTILITIES (incl. WATER): $445 FIRE PROTECTION: $33 INSURANCE: $219 TAXES: $1,159 TOTAL FEES: $3,404 ZONING: FCIII - Allows office, retail, hotel, school, and daycare
AS-BUILT FLOOR PLAN Storage Men s Restroom Kitchen Conference Room Women s Restroom SAMPLE FLOOR PLAN
LOCATION Bellevue CBD Bridle Trails Park & Ride Linbrook Clyde Hill Yarrow Bay Yarrow Point To Downtown Kirkland Carillon Point Lake Washington Linbrook Office Park Prime on Lake Washington Boulevard
CONSTRUCTION DETAIL FOUNDATION Concrete slab on grade STRUCTURE One story, wood frame EXTERIOR Northwest style architecture with masonry veneers ROOF Malarkey 4 Ply built up roofing system; 15 year warranty (installed in 2007) WINDOWS CEILINGS HVAC ELECTRICAL FIRE / LIFE SAFETY FIBER Double-pane, insulated, solar grey, tinted windows; bronze anodized aluminum storefront framing Typically 8 6 with some vaulted ceilings Trane; 4 units, 1 each: 2 ton, 2.5 ton, 3 ton, and 3.5 ton ~200-600 Amps, 120 volt service to each building Heat and smoke detector installed Yes; fiber-optic, ISON, DSL, and T1 capabilities
FINANCING Conventional Commercial Real Estate Loan $1,650,000: Purchase Price $247,500: Down Payment (15%) $1,402,500: Loan Amount $3,500: Appraisal $3,506: Loan Fee (¼%) $7,006: Total Fees Monthly Payment Options $7,736: 2.90% Fixed, 3-Year Term, 20-Year Amortization ($4,300) $7,843: 3.05% Fixed, 20-Year Fully Amortized, 3-Year Adjustment ($4,229) $8,132: 3.45% Fixed, 5-Year Term, 20-Year Amortization ($4,044) $8,502: 3.95% Fixed, 7-Year Term, 20-Year Amortization ($3,822) $8,882: 4.45% Fixed, 10-Year Term, 20-Year Amortization ($3,609) $10,737: 4.45% Fixed, 15-Year Fully Amortized Loan ($5,464) $14,203: 3.95% Fixed, 10-Year Fully Amortized Loan ($9,522) Principal Reduction show above 25-Year Amortizations are also available Matt D Green Senior Vice President & Manager of Business Banking 425.301.1896 Mobile matt.green@firstcitizens.com Member FDIC. All applications subject to normal credit approval. Rates are as of 10.23.2015 and subject to change.