Bellevue Technology Center

15801-15805 NE 24th St, Bellevue, WA 98008

Property Overview

Bellevue Technology Center (formerly QBE Corporate Campus) is a 326,384-square-foot, nine-building, Class A/B office campus in Bellevue, Washington. The property sits on 46 acres of land, includes a 576-unit underground parking garage and is located half a mile south of Microsoft headquarters.

Bellevue Technology Center draws on its proximity to Microsoft, the aesthetics of its wooded campus and the diverse functionality of its nine different buildings to attract institutional-quality tenants on a triple-net lease basis. The campus is currently in excellent condition with no material capital requirements or deferred maintenance issues.

Investment at a Glance

Location: Bellevue, WA

Property Type: Class A/B office

Acquisition Date: July 31, 2012

Purchase Price: $78,700,000

No. of Buildings: 9

No. of Stories: 4 three-story, 1 two-story and 4 one-story

Square Footage: 326,384 SF

Leased Percentage (at the time of Acquisition): 62%

$78,700,000 Total Purchase Price
330,508 square feet Total Rentable Area
Class A Building Class