AGM acquired this 62,090 SF, 3-story office building on 2.86 acres located just off WA-520 less than a mile from Microsoft’s World Headquarters. Renovated in 2016, the property is 92% occupied – primarily by technology and consulting companies – with leases already pending for 5,709 SF of the remaining vacant space.
This AGM-syndicated acquisition was part of a 1031 exchange resulting from the December 2017 sale of the Valley Medical Dental Center in Renton, WA.
The property was acquired for $15,150,000 ($244/SF).
Troy Gessel and Jim Reed acquired this property on behalf of Valley Medical Dental, LLC.